Iron ore hopes return

Wednesday 23 April 2025

It is the unsinkable metal ore despite falling steel prices.

Recent GDP data was OK but what’s coming isn’t. Goldman.

Despite a sequential deceleration from last Q4, year-over-year real GDP growth came in at 5.4% in Q1, higher than consensus expectations.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.