Reserve Bank Chief Worries About China's Economy
Update: 2025-12-03
Description
Australias Reserve Bank head, Michele Bullock, expresses concern over Chinas economic instability, as forecasters lower growth predictions. A slowdown in China, Australias largest trading partner, could significantly impact Australias exports of iron and coal. Bullock worries about potential high taxes from the US-China trade dispute, which could hurt Chinese manufacturing and Australias economy. Chinas real estate market remains struggling, with a risk to overall growth. Despite this, the OECD raised Australias growth forecasts, expecting higher incomes to boost spending. Inflation is predicted to ease, but the Reserve Bank is closely monitoring recent numbers to assess inflation pressures.
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