Persistent inflation and elevated interest rates have added to uncertainty and dampened consumer sentiment in Australia. Westpac says December data reflects a loss in confidence in Australia’s economic outlook. Bloomberg Intelligence, however, does see the country’s growth picking up in 2025 as the RBA belatedly joins the global rate-cut cycle.
Fleur Brown of the Australian Retailers Association discusses the outlook for the industry with Haidi Stroud-Watts on ‘Bloomberg: The Asia Trade.’
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