Goldman Sachs lower its forecast for Australia’s economic growth in 2025 on Trump vs China ...Middle East

Goldman Sachs lowered its forecast for Australia’s economic growth in 2025 (info comes via Bloomberg (gated)):forecasts Australian domestic product (GDP) rising 1.8% in 2025, down from its previous forecast of 2%GS cite likely “negative spillovers” from the incoming Trump’s expected increase in tariffs on China, specifically the impact on Australia's exports to China. Trump has promised 60% tariffs on exports from ChinaGS' Reserve Bank of Australia outlook:forecasts a 25bp interest rate cut from the Bank in February 2025terminal rate of 3.25% by November 2025"higher US tariffs on China as having a dovish read-through for Australian rates”GS express wariness over further fiscal stimulus in A

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