01728cas a2200241 a 4500 AALejournalIMF015540 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513543239 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Australia : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (65 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 2015 Article IV Consultation highlights that the Australia's economy is now facing a large transition as the mining investment boom winds down and the terms of trade has fallen back. Growth has been below trend for two years. Annualized GDP growth was about 2.2 percent in the first half of 2015, with particularly weak final domestic demand, and declining public and private investment. Capacity utilization and a soft labor market point to a sizeable output gap. Nominal wage growth is weak, contributing to low inflation. The FY2015/16 Budget projects a return to surplus in 2019-20. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/274 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/274/002.2015.issue-274-en.xml IMF e-Library