Original article by Matthew Cranston
The Australian – Page: 2 : 26-Mar-25

The budget papers show that Australia is now expected to record economic growth of just 1.5 per cent in 2025, compared with forecasts of two per cent growth in the 2024 budget and 1.75 per cent growth in the mid-year economic and fiscal outlook in December. Treasurer Jim Chalmers has conceded that the Trump administration’s tariffs policy will have a slight impact on Australia’s economic growth. The Treasury’s modelling suggests that the combined direct and indirect impact of the tariffs on the Australian economy by 2030 is likely to be modest.

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AUSTRALIA. DEPT OF THE TREASURY