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Australia's Economy: Gradual Growth Amid Housing and Trade Woes

7/18/2025

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Summary

Story summary

Australia's economy is set for a gradual recovery, with the OECD predicting a GDP growth of 1.8% in 2025 and 2.2% in 2026. However, challenges loom, including a struggling housing market, global trade tariffs, and waning confidence among businesses and consumers, all while inflation is expected to stabilize at 2.3%.

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Story summary

Australia's economy is set for a gradual recovery, with the OECD predicting a GDP growth of 1.8% in 2025 and 2.2% in 2026. However, challenges loom, including a struggling housing market, global trade tariffs, and waning confidence among businesses and consumers, all while inflation is expected to stabilize at 2.3%.