IMF with their Article IV concluding statement

  • See ozzie economic growth at 2.9% in 2018 and 3.1% in 2019
  • forecasts unemployment 5.3% this year and 5.2% next year, 5% in 2020
  • CPI 2.1% in 2018 and 2.2% in 2019 ... core inflation 1.8% and 2.1% respectively
  • Cite risks from both domestic and offshore

Bloomberg with the headlines

More ...

  • negative external risks
  • domestic financial vulnerabilities

IMF prescribe:

  • maintain prudent policies
  • continue to address financial vulnerabilities
  • raise long-term productivity

Positives:

  • more robust global outlook
  • employment growth
  • infrastructure investment should help accelerate economic expansion
  • macroeconomic policy stance has become more supportive
  • monetary policy stance is accommodative