Goldman Sachs lower its forecast for Australia’s economic growth in 2025 on Trump vs China ...Middle East

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Goldman Sachs lower its forecast for Australia’s economic growth in 2025 on Trump vs China
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Goldman Sachs lowered its forecast for Australia’s economic growth in 2025 (info comes via Bloomberg (gated)):forecasts Australian domestic product (GDP) rising 1.8% in 2025, down from its previous forecast of 2%GS cite likely “negative spillovers” from the incoming Trump’s expected increase in tariffs on China, specifically the impact on Australia's exports to China. Trump has promised 60% tariffs on exports from ChinaGS' Reserve Bank of Australia outlook:forecasts a 25bp interest rate cut from the Bank in February 2025terminal rate of 3.25% by November 2025"higher US tariffs on China as having a dovish read-through for Australian rates”GS express wariness over further fiscal stimulus in A

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