AGP Executive Report
Last update: 11 hours agoAustralia GDP watch: Australia’s economy grew just 0.3% in the March quarter, renewing worries about a productivity recession as markets weigh what the RBA will do next and how inflation and demand are shifting. US policy & markets: Investors also track the Fed’s next steps and Senate Finance testimony from Treasury Secretary Scott Bessent, where tariffs and tax cuts are front and center. Global growth outlook: The OECD warns global growth is slowing, with Iran-war energy risks adding downside pressure. Trade & tariffs: The US is proposing forced-labor tariffs covering 60 economies, raising new supply-chain and cost questions. Middle East energy resilience: The IMF says Saudi Arabia is resilient thanks to rerouting oil via the East-West pipeline and Red Sea ports, even as the war disrupts momentum. Blue economy push: US lawmakers held a hearing on advancing fisheries and coastal economies, while Papua is betting on downstream fisheries and processing to raise coastal incomes. EU upgrade for Greece: The European Commission removed Greece from its macroeconomic imbalance list, signaling progress after years of surveillance. Housing finance: Wisconsin WHEDA approved $47.5m in housing tax credits to support 2,100+ affordable units. Armenia trade support: Armenia plans to reimburse customs duties for greenhouse exports to the EU, as greenhouse owners push back over market access.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.