The Good, the Bad, and the Uncertain of Australia’s Economic Outlook

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The Good, the Bad, and the Uncertain of Australia’s Economic Outlook - The Diplomat

Quick Summary:

The Australian economy has had a tough few years, but there are some reasons to be positive, and other reasons to be not so positive.

Chalmers has been the reason for much of the growth in economic activity in 2024, and with the government under pressure in the polls we could see a range of new expenditures announced.

Housing prices reached new highs during the year, and while modest declines are expected in 2025, it is unlikely to be enough to result in a noticeable improvement in housing affordability.