A tariff reprieve, but a weaker starting point


Insight
A tariff reprieve, but a weaker starting point
Insight
We forecast the global economy to grow by 2.9% in both 2025 and 2026 (previously 2¾% in both years).
Insight
Tariff pause gives China’s economy some breathing space, but longer-term uncertainty persists
Insight
In a challenging year for many SMEs, cashflow and profitability have become more pressing concerns. But businesses are becoming increasingly resilient.
Insight
US-China Tariff agreement – eases tariff growth headwind, delays Fed cuts
Insight
Total spending rose 0.1% in April
Insight
Capacity utilisation and capex decline
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Housing market sentiment rallied as national housing price growth accelerated in the March quarter.
Insight
Growth slowing, but less abruptly than Q1 GDP suggests
Insight
Economic and financial market update
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Conditions and Confidence improve for SMEs
Softer conditions to start the year
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Robust growth was maintained in Q1, but China faces the storm of US tariffs
Insight
Calm before the storm
Insight
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%).
Insight
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