Hello dear readers,
Happy new year and I hope you had a relaxing holiday break! The Balmoral Group is back at work again, bringing with us the first Economic Perspective for the year.
This week we ask: What is in store for 2025? Is it another La Niña summer, interest rate cuts, or the fall of AI? Will we hit our emission reduction targets, who will take this year's federal election and most importantly, will National Fun at Work Day (Jan 28) become a NSW government-recognised public holiday? This week's articles are full of questions, speculation and even more questions, so have a read and explore the endless possibilities we face at the beginning of a whole new year.
Have a great weekend!
The Latest Trending Economic News Curated for You by Balmoral Group Australia
La Niña back this summer? Not likely – and unofficial declarations are jumping the gun
It’s the height of summer and many Australians have already experienced heatwaves, heavy rains and even significant bushfires over the Christmas and New Year period. But could we be in for something different as summer draws to a close? Read about it here.
The RBA is expected to cut interest rates this year. Here's what to watch
Will this be the year mortgage borrowers finally get some interest rate relief? That's certainly what many are hoping, and most expecting including economists and financial markets. After more than a year of the Reserve Bank of Australia (RBA) keeping its cash rate target on hold at 4.35 per cent, forecasts are for at least one 0.25 percentage point cut in 2025. Read more here
AI will continue to grow in 2025. But it will face major challenges along the way
In 2024, people started conversing with AI “resurrections” of the dead, using AI toothbrushes and confessing to an AI-powered Jesus. Meanwhile, OpenAI, the company behind ChatGPT, was valued at US$150 billion and claimed it was on the way to developing an advanced AI system more capable than humans. These are just a handful of AI milestones over the past year. They reinforce not only how huge the technology has become, but also how it is transforming a wide range of human activities. Read more here.
Climate Resolutions for 2025 | Climate Council
The climate crisis has intensified this year, underscoring the urgent need to slash emissions right now – there is no time to waste. We’ve once again seen countries in all corners of the globe endure extreme weather events. From ferocious wildfires to devastating floods and scorching heatwaves, the toll of climate change is all around us. Communities around the world are paying the price in impacts to their health, lives, and livelihoods. Read more here.
Connect with Balmoral Group Australia Here
Comentarios