Business Research & Insights

Robust growth was maintained in Q1, but China faces the storm of US tariffs

Calm before the storm

We have lowered our 2025 and 2026 growth forecasts for a wide range of countries, particularly China and (last week) the US. We now expect global growth of around 2¾% in both years (previously around 3.0%).

A fast return to neutral and additional support

Total spending rose in March

Capacity utilisation rises in March

An update on recent developments

Growth to slow to a crawl; recession risk rising

China identifies its domestic problems, but can it effectively address them?

Fairly broad-based growth was recorded in February.

Our economists stayed up all night so they could break down the Federal Budget for Australian businesses and individuals. Watch their take.

As technology and client needs evolve, brokers face growing pressure to diversify and stay ahead. Experts weigh in on the critical skills and professional development strategies shaping the future of broking. Originally published on MPA on 18 Feb 2025