Australia Economic Outlook: Q4 2024

Australia's economy is experiencing slow growth, impacted by cost-of-living packages and CPI adjustments, presenting challenges for policymakers.

Global economic developments post-pandemic highlight a contrast in monetary and fiscal policy, complicating central banks' inflation control efforts. Australia's economy, heavily reliant on government spending, shows the weakest growth since 1991. Cost-of-living relief measures are affecting CPI calculations, presenting challenges for policymakers in estimating underlying inflation pressures. As inflation moderates, most advanced economies are reducing policy rates. Australian overview Econ...

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Authors: Brendan Rynne, Michael Malakellis

Published Date: 31 January 2025