Thu, 20th Mar 2025

In this week's finance news from Financial Services Online, the OECD, influenced by rising global trade worries mainly due to US trade policies, foresees a slower pace of economic growth for Australia. A predicted GDP increase of 1.9% this year with slight contraction to 1.8% in 2026, could mean that Australian exporters may face shrinkage in international markets which could impact domestic growth. Inflation might outpace targets, causing the Reserve Bank of Australia to consider adjusting interest rates to stimulate spending. On a positive note, Sydney's housing market is on the rise, with auction clearance rates consistently above 70% and leading the national price recovery. Further rate cuts could allow this growth to continue. The podcast concludes with the reminder for listeners to wisely make their money work for them.n