From www.aicd.com.au: International economic headlines are dominated by the introduction of US tariffs on Mexico and Canada, alongside additional tariffs on China and shifting relationships in global security, particularly regarding the US and its allies.

Australia’s economy has exited a per capita recession with a modest GDP growth of 1.3% in 2024, but remains below potential growth rates, with public sector demand continuing to play a significant role in economic performance.

The Reserve Bank of Australia remains cautious on further rate cuts, weighing inflation trends against growth uncertainties in its recent monetary policy discussions.