AGP Executive Report
Last update: an hour agoUS Tariff Fight: Australia is pushing back hard against a proposed 12.5% US “forced labour” tariff, with the government warning it’s ideological disagreement and a trade fight that could hit exporters. Economy & Jobs: New data points to a slowdown, with GDP growth flagged around 0.3% and warnings of a productivity recession as energy costs bite. Housing Tax Overhaul: Australia’s lower house has passed major tax reforms aimed at easing housing costs, including limiting negative gearing to newly built homes and changing the capital gains discount from July 2027. Industry Pressure: The Australian industry index stayed weak in May as energy uncertainty weighed on orders, while input costs stayed high and firms reported delays to investment. Cyber & Fraud: Digital fraud is described as a cross-border criminal enterprise, shifting scams into more organised, international operations. Energy Transition: Queensland has opened funding for solar, wind and storage projects, while research and industry keep pushing next-gen solar durability testing and recycling urgency. Markets & Business: CMC Markets shares jumped after profit guidance beat expectations, and Australia’s data-centre boom continues to be linked to economic momentum.
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.
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