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The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from …
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Economic growth is strengthening, stimulated by the high terms of trade. Monetary policy has been tightened appropriately. A flexible monetary policy response to potential external shocks, including commodity price swings, will help to cushion growth while preserving low inflation. To promote...
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This 2005 Article IV Consultation highlights that Australia has implemented wide-ranging structural reforms and … strengthened the frameworks for monetary and fiscal policies over the past two decades. As a result, Australia’s economic expansion …
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policies and favorable terms of trade, global events have slowed Australia’s economic growth well below trend. The turmoil … global financial crisis on the Australian economy. Directors have also welcomed the Reserve Bank of Australia’s early …
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