While many Australians had the opportunity to enjoy two consecutive long weekends in April, as we move into May, the focus is now on the federal election.
May also brings the Queensland Labour Day Public Holiday on the 5th of May 2025 and Mother’s Day on the 11th of May 2025. Happy Mother’s Day to the beautiful hearts who nurture, guide, and give so deeply of themselves. Your love leaves a lasting mark.
The month of April was marked by economic uncertainty and global trade tensions that drove market declines and volatility. These events are anticipated to influence the RBA’s cash rate decisions, as will the recent decline in core inflation to within the target range.
Australian shares slumped in early April but recovered with the ASX 200 up 2.5% by month’s end. Nonetheless, the index is down nearly 1.3% since the start of the year and may fall further according to some commentators. In the United States, the S&P500 regained strength after falling to its lowest level in a year.
Unemployment increased slightly in the latest figures, up by 4.1% and consumer sentiment declined 6% in April, revealing consumer unease about developments in Australia and abroad associated with US tariff announcements.
The International Monetary Fund (IMF) delivered sombre news for Australia, predicting lower growth than forecast earlier this year. Despite the slowdown, the IMF says global growth remains “well above” recession levels.
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As always, if you have any questions, please do not hesitate to get in contact with our team – (07) 5559 5760.
