Fri, 21st Mar 2025

In this episode of the Weekly Finance News Wrap, the Australian economy's recent significant job losses were discussed, yet the unemployment rate remained steady at 4.1%, causing speculation of a potential rate cut by the Reserve Bank of Australia. The Organisation for Economic Co-operation and Development predicts slow economic growth due to global trade tensions and projects the country's GDP may only reach 1.9% in 2025. This, combined with US trade policies, could impact Australian exporters and domestic growth. However, Sydney's housing market shows signs of recovery, leading national price growth with a 0.5% increase in the past month. The rising auction clearance rate also indicates an improving housing market. The potential rate cuts this year could further energize Sydney's recovering market.n