Australian Finance Minister Mathias Cormann told CNBC he was not satisfied with the performance of Australia’s economy, despite the International Monetary Fund’s recent praise of the nation’s finances.
In an annual report on Australia released on Wednesday, the IMF highlighted how well the nation’s economy has performed relative to others since the financial crisis, but it noted a number of external and domestic risks, including a slowdown in China, a frothy domestic property market and an overvalued currency, amongst other factors.
“It’s true we are not in as challenging a position as other parts of the world but we think we can do better,” said Cormann.
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