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Table of contents; Basic statistics of Australia, 2011; Executive summary; Box 1. Key policy recommendations; Assessment and recommendations; Recent efforts to improve environmental outcomes are welcome and should continue; Figure 1. GHG emission; Figure 2. Australia's emissions trends; Macroeconomi...

Figure 5. Growth has been uneven across sectorsFigure 6. Labour market indicators; Australia should continue to benefit from the mining boom but faces strong sectoral disparities; Table 1. Short-term projections; The boom complicates short-and medium-term monetary and fiscal policy; Figure 7. Intere...

Box 3. Recommendations for macroeconomic policiesRenewed structural adjustment to foster economic performance; Figure 12. Real effective exchange rates; A smooth reallocation of resources within the economy is needed to take full advantage of the new opportunities; Tax reforms have a useful role to...

Figure 15. Structural labour market indicatorsFigure 16. Income inequality; Box 4. Recommendations for facilitating the structural adjustment to the mining boom and Asian development; Enhancing productivity is critical for boosting future living standards; Figure 17. Productivity trends; Figure 18....

Boosting long-term drivers of productivity to sustain future living standardsFigure 21. MFP gap relative to the United States; Figure 22. Science and engineering degrees; Figure 23. Collaboration and networks on innovation; Figure 24. Indicator values of PPP policy settings; Box 5. Recommendations f...

Figure 1.2. Relative price changes