Today’s top stories include nearly 30,000 acres burning in Los Angeles County, with at least five deaths and widespread destruction. Every school in Los Angeles is closed, and new fires are still emerging. Additionally, all five living U.S. presidents will gather at the National Cathedral in Washington, D.C., for former President Jimmy Carter’s state funeral. Former President Donald Trump met with Senate Republicans to discuss legislative priorities.
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OECD March Economic Outlook flags slowdown in Australian economic growth
The OECD warns that Australian economic growth will slow in 2026 due to US President Trump's tariff agenda, with GDP growth expected to decline to 1.8% from 1.9% in 2025. Global growth is also projected to moderate, with higher trade barriers impacting investment and household spending. Inflation is expected to be higher than previously forecasted, with headline inflation in Australia predicted to reach 2.2% in 2026, allowing for continued policy rate reductions. Full Article
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