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

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.

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Article Details

Author / Journalist: Luke Hartigan

Category: Economy

Markets: United StatesAustraliaBangladeshCambodiaChinaIndiaSouth KoreaMyanmarNew ZealandPakistanTaiwanUkraine

Topics: Year Federal 2025 Interest Government Housing Economic Inflation Australia Growth 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 23:05:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3050 words

Reading Time: 17 minutes read

Sentences: 130 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 24578778

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About The Diplomat

Main Topics: Economy

Official Website: thediplomat.com

Year Established: 2001

Headquarters: United States

News Last Updated: 1 days ago

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