{"id":64949,"date":"2025-05-01T06:18:07","date_gmt":"2025-05-01T06:18:07","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/64949\/"},"modified":"2025-05-01T06:18:07","modified_gmt":"2025-05-01T06:18:07","slug":"growth-and-employment-to-guide-rba-policy-through-2025-economist","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/64949\/","title":{"rendered":"Growth and employment to guide RBA policy through 2025 \u2013 economist"},"content":{"rendered":"

\u201cTariffs<\/a> are generally bad for everyone but especially problematic for the country imposing them,\u201d Robertson said. \u201cSo, with the escalation between the US and China \u2013 the world\u2019s two largest economies \u2013 it\u2019s a question of just how much slower these economies will be growing this year and next.\u201d<\/p>\n

The IMF now expects US economic growth to fall to 1.8% this year, while China\u2019s forecast has been cut to 4%. Australia is also feeling the impact, with its expected growth rate for 2025 lowered from 2.1% to 1.6%.<\/p>\n

Despite the external headwinds and political uncertainty in the lead-up to the federal election, Australia is relatively well placed<\/a> compared to other economies, according to Robertson.<\/p>\n

\u201cAustralia\u2019s lower exposure to tariffs than our peers, and lower interest rates ahead, should see a rebound in consumer sentiment later in the year, with outperformance in our region,\u201d he said, adding that while volatility is likely to persist, key trading partners could prove more resilient than others around the world.<\/p>\n

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