Thursday: Australian growth picks up
Oil hits a six-month low and the US dollar drops 1% on fears trade wars will lower global growth. Private spending helps Australian GDP grow 0.6% in Q4. China sets a new growth target of 5%, and the Reserve Bank of New Zealand’s Governor resigns. In our bonus deep dive interview, ANZ Head of Australian Economics Adam Boyton looks at whether the GDP growth Australia experienced at the end of 2024 can be sustained through 2025. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/