'Temporary factors' behind Australia's recent economic growth spurt, IMF says
by Staff and agencies from on (#21MQN)
Annual review of the Australian economy also criticises rise in underemployment and longer-term unemployment
The Australian economy could expect a stronger performance if the recent improvement in the terms of trade boosts business confidence and unlocks investment, the International Monetary Fund said.
The IMF said Australia's economic performance had remained remarkable compared with other countries, but warns there was a downside risk to the outlook if investment remained subdued should company profits remain under pressure for longer.
Related: Harping on about economic growth makes politicians seem out of touch | Greg Jericho
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