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Economic growth slows to 2.5pc as rates start to bite

New data released by the ABS showed Australia’s economy was already slowing before being hit by the fallout from the Middle East war and interest rate increases.

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Economic growth slows to 2.5pc as rates start to bite

Australia's Q1 growth slowed to 0.3% from 0.9%, missing the 0.5% forecast, as Middle East tensions and interest rate hikes bite. Housing sector contraction threatens further slowdown; IT budgets will tighten and digital transformation investments face delay across Asia-Pacific.

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mercoledì 3 giugno 2026·abc.net.au
Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins
Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter.
mercoledì 3 giugno 2026·afr.com
Economic growth slows to 2.5pc as rates start to bite
New data released by the ABS showed Australia’s economy was already slowing before being hit by the fallout from the Middle East war and interest rate increases.

Economic growth slows to 2.5pc as rates start to bite

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Economic growth slows to 2.5pc as rates start to bite

Timeline cronologica

Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins

Economic growth slows to 2.5pc as rates start to bite

Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins

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