Fears Australia underestimated Trump’s trade war after IMF slashes $13bn off forecasted growth
Grim outlook contrasts with Treasury modelling released by Jim Chalmers this month showing only ‘modest’ impact from US tariffsPolls tracker; election guide; full federal election coverageAnywhere but Canberra; interactive electorates guideListen to the latest episode of our new narrative podcast series: GinaGet our afternoon election email, free app or daily news podcastTreasury may be underestimating the threat posed by Donald Trump’s trade war, after the International Monetary Fund slashed its outlook for Australia’s economic growth in 2025.Australia’s annual output will be $13bn lower in 2025 than predicted in January, the IMF’s latest forecasts revealed, with real GDP growth predicted to drop to 1.6%, from 2.1%.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...
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Grim outlook contrasts with Treasury modelling released by Jim Chalmers this month showing only ‘modest’ impact from US tariffs
- Polls tracker; election guide; full federal election coverage
- Anywhere but Canberra; interactive electorates guide
- Listen to the latest episode of our new narrative podcast series: Gina
- Get our afternoon election email, free app or daily news podcast
Treasury may be underestimating the threat posed by Donald Trump’s trade war, after the International Monetary Fund slashed its outlook for Australia’s economic growth in 2025.
Australia’s annual output will be $13bn lower in 2025 than predicted in January, the IMF’s latest forecasts revealed, with real GDP growth predicted to drop to 1.6%, from 2.1%.
Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...
