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Goldman Sachs cuts Australia's 2025 growth forecast to 1.8%, citing potential U.S. tariffs on China.
Goldman Sachs has reduced its forecast for Australia's 2025 economic growth to 1.8% from 2%, citing potential negative effects from US President-elect Trump's planned tariffs on China.
These tariffs could hurt Australia's exports to China, a major trading partner.
Goldman also predicts the Reserve Bank of Australia will cut interest rates to reach a final rate of 3.25% by November 2025.
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Goldman Sachs reduce el crecimiento de Australia en 2025 al 1,8%, citando los potenciales aranceles estadounidenses sobre China.