Bullock Warns of Global Economic Decline
Update: 2025-12-15
Description
Reserve Bank governor, Michele Bullock, warns of a potential global economic decline over the next five years, attributing it to protectionist policies like those of the Trump administration. She likens the effects to Britains post-Brexit struggles. Bullock, known for her accessible communication style, unveils significant reforms at the Reserve Bank, including a new interest rate committee and regular press conferences. These changes come amidst high inflation, international conflicts, and economic disruptions from global trade policies. Bullock highlights the impact of nations isolating themselves from international supply chains, leading to slower growth, increased tensions, and dampened global economic activity.
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