Access Request:

While the overwhelming majority of our engagements earlier this year were decidedly optimistic, more recently there has been a palpable deterioration in sentiment across several industries. Policy rhetoric has also become a material concern, with the extractive industries currently bearing the brunt of the attention. In conjunction with a relatively high base, we revise our '25 growth forecast down to 3.0%, while making sizable downward adjustments for the forecast horizon.