'Slow grind' tipped for 2025 economy as interest rates, unemployment, inflation, China and Trump collide
1 week, 5 days ago

'Slow grind' tipped for 2025 economy as interest rates, unemployment, inflation, China and Trump collide

ABC  

Leading economists described 2024 as a year of great divergence, where how you fared in the economy depended on your housing situation. After conflict in the Middle East, Ukraine and beyond, AMP deputy chief economist Diana Mousina hopes for the easing of tensions: "I think it could be a bit of a quieter geopolitical year." "Our view is that we're going to get a faster slowing in the Australian economic backdrop that will really push the Reserve Bank to start cutting interest rates in early 2025." "That's going to help keep the headline inflation rate basically around where it is, just under 3 per cent year-on-year." 'Nothing to sing and dance about' as 2025 grinds on Aside from the "volatility" Mr Kearns sees the incoming US president bringing, the Challenger chief economist believes 2025 could be a quieter year.

Economy Growth China Inflation Trump Unemployment Interest Rates Donald Trump 2025 Chief Cent Going Rates Interest Rate Ubs Slow Economist Chief Economist Challenger John Gunn Diana Mousina Ms Hutley Jonathan Kearns Nicki Hutley Leading Economists  interest  rate  rates  tipped  economist  inflation  collide  slow  chief  unemployment  grind  cent  going  economy  trump  growth  2025

History of this topic

From recession to rate cuts: my six economic predictions for 2025
1 week, 1 day ago

From recession to rate cuts: my six economic predictions for 2025

The Independent  

I usually feel queasy when writing predictions for the year ahead. After all, the internet is forever and if you get it wrong there’s always someone to post a link on social media in a year’s time with the aggressive, but unoriginal, line: “This you?” But if economic forecasters, with their supercomputers, spreadsheets and master degrees from fancy institutions, can …

UK economy faces threat of ‘stagflation’ after bumpy 2024
2 weeks ago

UK economy faces threat of ‘stagflation’ after bumpy 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With the economy stalling, the watchword for 2025 is …

Why inflation will matter more in 2025: Explained
2 weeks, 3 days ago

Why inflation will matter more in 2025: Explained

The Hindu  

The story so far: It has been what one may call, a bittersweet year for the economy, with a sweet first half, when growth surprised everyone, including the government. Top government functionaries have been making noises since late November about the need for RBI to cut rates, with some suggesting it should ignore volatile food prices and prioritise growth and …

Brokerages see uncertain 2025 on worries over potential Trump tariffs
4 weeks ago

Brokerages see uncertain 2025 on worries over potential Trump tariffs

Live Mint  

Dec 17 - Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump's proposed tariffs to fuel volatility across global markets, spurring inflationary pressures and, in turn, limiting the scope for major central banks to ease monetary policy. World economies and equity markets have had a robust year, …

Inflation drops to two-year low in boost for rate cut hopes
9 months, 3 weeks ago

Inflation drops to two-year low in boost for rate cut hopes

The Telegraph  

Chancellor Jeremy Hunt said the fall in inflation signalled the Government’s plan for the economy was working and paved the way for future tax cuts. He rebuffed talk of a backbench plot to oust him that could derail his economic plans, telling the BBC: “What’s important is the future of our country, and people’s financial security and the peace of …

Inflation further cools in Australia as confidence of ‘soft landing’ grows
11 months, 2 weeks ago

Inflation further cools in Australia as confidence of ‘soft landing’ grows

Associated Press  

SYDNEY — Inflation in Australia has slowed to its lowest rate in three years, the country’s official statistics agency said Wednesday, raising hopes of a “soft landing” for the nation’s economy. While the CPI is still above the Reserve Bank of Australia’s target band of 2-3%, the bigger than expected slowdown will raise mortgage holders’ hopes that relief on interest …

Global economy will slow for a third straight year in 2024, World Bank predicts
1 year ago

Global economy will slow for a third straight year in 2024, World Bank predicts

Associated Press  

WASHINGTON — Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. “Near-term growth will remain weak, leaving many developing countries — especially the poorest — stuck in a trap: with paralyzing levels of debt and tenuous access to food for nearly one out of …

How will the ASX, Wall Street, other share markets and the Australian dollar perform in 2024?
1 year ago

How will the ASX, Wall Street, other share markets and the Australian dollar perform in 2024?

ABC  

Key market and currency watchers say the Australian share market is likely to outperform other major financial markets in 2024 and the Australian dollar will trade higher against the greenback with or without interest rate cuts. Key points: The ASX 200 could reach a record high in 2024 The Australian dollar is likely to continue to rise But a recession …

The world economy will slow next year because of inflation, high rates and war, OECD says
1 year, 1 month ago

The world economy will slow next year because of inflation, high rates and war, OECD says

LA Times  

A crane lifts a shipping container at an automated container port in Tianjin, China. The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. China’s “consumption growth will likely remain subdued due to increased precautionary savings, gloomier prospects for employment creation and …

What’s pushing inflation down? More goods, workers and housing
1 year, 2 months ago

What’s pushing inflation down? More goods, workers and housing

Associated Press  

WASHINGTON — Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve. Overall inflation didn’t rise from September to October, the first time that consumer prices collectively haven’t budged from one month to another in more than a year. …

Recession looming as jobs market weakens, says Bank rate-setter
1 year, 2 months ago

Recession looming as jobs market weakens, says Bank rate-setter

The Telegraph  

Ms Dhingra was speaking as economists said official data showing a slowdown in pay growth would fuel hopes the Bank of England has raised rates far enough to weaken the jobs market and ease a key driver behind inflation. Average weekly earnings in the three months to August were up 8.1pc compared with the same period last year, slowing from …

Economic expert warns Australia's economy will be hit WORSE than rest of the world by coronavirus
4 years, 8 months ago

Economic expert warns Australia's economy will be hit WORSE than rest of the world by coronavirus

Daily Mail  

Burman Invest's chief investment officer Julia Lee said the Australian economy faced 'a lot of pain' for the remainder of 2020. The International Monetary Fund is predicting a 6.7 per cent economic contraction for Australia this year A finance expert has warned Australia faces 'a lot of pain' for the remainder of 2020, as the coronavirus crisis hits twice as …

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