Economic Update Released

Quarterly economic update for the final quarter of 2024. Covers off key data on interest rates, cost of living and economic forecast for 2025.

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Quarterly Economic Update: October - December 2024 (606 words)

The final quarter of 2024 reflected a mixed economic landscape. While consumer spending and equity markets showed resilience, persistent inflation, cost-of-living pressures and a cooling housing market have tempered optimism.

Interest Rates – Will They Rise or Fall?

 Inflation in Australia showed signs of easing during the final months of 2024..

Cost of Living Pressures Continue

Total spending across the Australian economy increased by 1.5% in the September quarter of 2024 compared to the 2.2% in 2023..

Is the Housing Market Finally Slowing?

Australia’s housing market experienced a slight downturn, with national home values recording their first decline in nearly two years..

Global Outlook for 2025

Globally, the economic outlook remains resilient, despite significant risks. According to the OECD, global growth is expected to stabilise at around 3% in 2025 and 2026..

Stock Market Outlook

Australian equities ended the year on a positive note, buoyed by easing inflationary concerns in the US and hopes of a soft landing for the global economy..

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