Australia news live: OECD economists slash growth estimates for Australian economy and warn trade wars may push prices up

Jim Chalmers says nation must focus on resilience, not retaliation to Trump tariffs. Follow today’s news liveGet our breaking news email, free app or daily news podcastThe Paris-based OECD – a 38-member grouping of rich countries, including Australia – on Monday evening issued a more downbeat assessment of the global economy, laying the blame on Trump’s tariffs.The OECD’s economists slashed their estimates for Australian real GDP growth from 2.5% in 2026 to 1.8% and well below the Reserve Bank’s forecast of 2.3%. Continue reading...

admin admin
Mar 17, 2025 - 14:03
0 1
Australia news live: OECD economists slash growth estimates for Australian economy and warn trade wars may push prices up

Jim Chalmers says nation must focus on resilience, not retaliation to Trump tariffs. Follow today’s news live

The Paris-based OECD – a 38-member grouping of rich countries, including Australia – on Monday evening issued a more downbeat assessment of the global economy, laying the blame on Trump’s tariffs.

The OECD’s economists slashed their estimates for Australian real GDP growth from 2.5% in 2026 to 1.8% and well below the Reserve Bank’s forecast of 2.3%. Continue reading...

Read More