02215cas a2200241 a 4500 AALejournalIMF020796 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513536088 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Australia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (79 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 2019 Article IV Consultation with Australia discusses that a continued gradual economic recovery is expected, subject to downside risks. Growth should continue to recover in 2020, but it will take time for the economy to return to potential and restore inflation to within the target range. Despite sound macroeconomic fundamentals and policy management, growth remains below potential and inflation is slightly below its target range. Growth is projected to recover gradually in the near term, supported by monetary policy easing, tax cuts, and the recovery of housing markets. Nonetheless, inflation is forecast to remain slightly below the target range until 2021 due to persistent economic slack. Downside risks, including a renewed escalation of the China-US tensions and weaker private consumption, remain elevated and have increased recently due to the widespread bushfires and the coronavirus outbreak. On the upside, looser financial conditions could re-accelerate asset-price inflation, boosting private consumption but also adding to medium-term vulnerabilities. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/068 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/068/002.2020.issue-068-en.xml IMF e-Library