
Every year, the International Monetary Fund (IMF) sends a group of economists to Australia to survey the domestic economy, comment on the effects of government policy and make some suggestions as to what might best be done in the coming year. It is known as an 鈥渁rticle IV consultation鈥.
The IMF executive board鈥檚 latest report was publicly released in early October. After commending Australia鈥檚 economic performance during the past two decades, the report noted some challenges ahead. Chief among them is the prospect of 鈥渟low growth鈥 in the coming year.