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22 August 2018
Australia is enjoying its 25th straight year of economic growth. Risks could arise from increasing housing prices and household debt, and weak growth in wages and household incomes. Investment remains subdued, and growth is more reliant on government spending and net exports.
22 August 2018
Australia has a well-targeted welfare system. Gross income is unequal, but taxes and transfers make it more equal, and government invests a lot in health and education. However, the government should also consider privatization, active regulatory oversight, and incentives to inform market design.