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Empower Wealth Blog post by Empower Wealth

RBA Dec 2024 | Trump 2.0: A New Chapter for Australia and Global Economies?

It’s the final RBA Cash Rate Announcement of 2024!  

Join hosts Ben Kingsley and Evan Lucas as they delve into the Reserve Bank of Australia’s latest decision and analyse recent economic data shaping Australia and the world. 

Key highlights: 

  • RBA’s Cash Rate Announcement 
    Find out all about the Reserve Bank of Australia’s latest cash rate decision, as announced at 2.30pm (AEDT) today. 
  • Global Economic Comparison 
    How does Australia’s GDP performance stack up against key economies like Canada, the UK, and New Zealand? 
  • Property Market Insights 
    Explore CoreLogic’s latest data on city-by-city performance, from Sydney’s slowdown to Brisbane’s population-driven growth. 
  • The Global Impact of Trump 2.0 
    Dive into the potential effects of Trump’s return to power on trade, immigration, and Australia’s economic outlook. 
  • Challenges in the Eurozone 
    Insights into inflation and France’s growing economic instability, and the broader implications for the EU. 

Note: If you tuned in from the start, you may have noticed some technical difficulties—our apologies! Thank you for your patience, and we wish you a very Merry Christmas and Happy New Year! 

Time Stamps 

Australian Economic Update Segment 

0:34 – Overview 
2:15 – Australian GDP Analysis 
5:15 – Role of Migration in Economic Growth 
7:05 – Government Spending and Populist Politics 
9:21 – Jobs and Productivity 
12:55 – RBA’s Cash Rate Decision 
20:05 – Inflation Trends in Australia 
22:34 – Consumer Sentiment Update 
25:26 – Business Confidence Decline 
27:50 – Credit Growth Analysis 
32:23 – Property Market Insights 
36:23 – Australian Economic Challenges 

World Economic Update Segment 

37:20 – Trump 2.0 and Global Impacts 
47:40 – US Economic Outlook 
51:46 – China’s Economic Stimulus 
57:52 – Eurozone Economic Update 
1:03:55 – Wrap-Up & Closing Remarks 

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