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Australia’s economy is the worst performer among developed markets: key IMF measure

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07.11.2017

The Australian economy is underachieving compared to other developed markets, the International Monetary Fund has said. The IMF looked into how the biggest economies in the world are performing relative to their potential.

The figures show that Australia’s economy is the worst performer among developed markets. The country falls short of its optimal output by nearly 2 percent of GDP.

When actual output is less than what an economy could generate at full capacity, a negative output gap occurs. It indicates spare capacity because of weak demand.

The IMF figures show the broader economy still falls well short of optimal levels.........

© International Business Times