AGP Executive Report
Last update: 12 hours agoGDP Slowdown: Australia’s economy grew just 0.3% in the March quarter, with annual growth steady at 2.5%, as cyclone disruptions hit mining and exports and net trade dragged 0.8 percentage points from GDP. Investment Hope: Private business investment rose 6.0%, led by a surge in machinery and equipment spending tied to data-centre expansion, though much of the equipment was imported. RBA Watch: The softer growth adds pressure to the rate outlook, but analysts warn it may not quickly cool cost pressures. Minimum Wage Pressure: The Fair Work Commission lifted the National Minimum Wage by 4.75%, raising new cost concerns for hotels and liquor retailers already squeezed by high rates and energy bills. Trade & Tariffs: The US proposed 12.5% extra duties on multiple economies, including Australia and India, over forced-labour import enforcement. Pacific Reset: Solomon Islands’ new PM says it will review its 2022 security pact with China and negotiate a broader strategic treaty with Australia. Carbon Project: WA’s “Great Woodlands Renewal” aims to plant 16 million trees across 28,000 hectares, targeting 3.2m carbon credit units. Markets: The ASX 200 rose around 0.8% as miners and tech helped offset mixed macro signals.
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