Yesterday at 12:29 PM
Macquarie Group: Australia's economy shows resilience amid US trade policy shift
Macquarie Group officials maintain that Australia's economy has sufficient resilience to weather potential shocks from US trade policy.
According to CEO of the bank Shemara Wickramanayake, the Australian economy is currently experiencing significant capital inflows. The return of inflation to the Reserve Bank of Australia's (RBA) target range, combined with Prime Minister Anthony Albanese's victory in the 2025 federal election, has reinforced political stability in the country.
Meanwhile, Westpac Banking Corp. CEO Anthony Miller reports decreased stress among clients and improved consumer sentiment in Australia. This stands in contrast to Wesfarmers CEO Rob Scott, who highlighted that the nation's small and medium-sized firms face ongoing challenges.
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