Election 2025 — Global economics

Global volatility, tariff tensions, and shifting global trade dynamics continue to shape the outlook for small and medium businesses in Australia. For the next in our special series of pre-election interviews, Economist Professor Robert Brooks unpacks the ripple effects of global uncertainty on Australia — highlighting inflation risks, exchange rate pressures, and why smart, steady policy responses may help shield local businesses from the worst impacts. He also explains how Australia’s exposure to Asian markets adds another layer of complexity, and why avoiding trade retaliation has been crucial in maintaining stability.