Australian Retailers Seek to Overcome ‘Most Challenging Year Since Covid’

Persistent inflation and elevated interest rates have added to uncertainty and dampened consumer sentiment in Australia. Westpac says December data reflects a loss in confidence in Australia’s economic outlook. Bloomberg Intelligence however, does see the country’s growth picking up in 2025 as the RBA belatedly joins the global rate-cut cycle.
Fleur Brown of the Australian Retailers Association discusses the outlook for the industry with Haidi Stroud-Watts on ‘Bloomberg: The Asia Trade’. (Source: Bloomberg)

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