Finance Minister: Australia Economy Can Do Better

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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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu