Australia’s GDP creeps up, but tariffs cast a shadow over SMEs

By Yajush Gupta · 6 March 2025 · News

Australia’s GDP creeps up, but tariffs cast a shadow over SMEs

Australia's economy shows signs of growth, but a looming threat looms

Tax cuts sparked a spending surge in mid-2024, but with trade tensions escalating, small businesses are bracing for impact. Will they be able to weather the storm(choices) ahead?

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Summary

Mid-2024 tax cuts lit up spending—retail and hospo rode the wave. But with Trump’s tariff train gaining speed, SMEs face new challenges