01716cas a2200241 a 4500 AALejournalIMF009577 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451802177 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Australia : 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (39 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2007 Article IV Consultation highlights that the lengthy expansion brought the Australian economy to a position of near full employment. Inflation had eased in late 2006 and early 2007, but accelerated in the second quarter. The current account deficit was 5 1\2 percent of GDP in 2006. The trade deficit narrowed, while the investment income balance continued to deteriorate, reflecting large net dividend payments. The Australian dollar has appreciated substantially over the past few years, but does not appear misaligned once the recent terms of trade gains are taken into account. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2007/314 Full text available on IMF http://elibrary.imf.org/view/journals/002/2007/314/002.2007.issue-314-en.xml IMF e-Library