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Australia's economic slowdown is just beginning, the experts warn

The economy grew just 0.3 per cent in the first quarter, gross domestic product per capita went backwards, and interest rate rises and cost-of-living pressures are weighing on households.

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AI · summaries

afr.com3 mesi fa

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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Timeline cronologica

mercoledì 3 giugno 2026·cnbc.com
Australia's first-quarter economic growth misses estimates on severe weather, weak demand
The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth.
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.

Australia's economic slowdown is just beginning, the experts warn

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Economic growth slows to 2.5pc as rates start to bite

Timeline cronologica

Australia's first-quarter economic growth misses estimates on severe weather, weak demand

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

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

Australia’s economy slows as households tighten their belts, while AI investment surges

Australia's first-quarter economic growth misses estimates on severe weather, weak demand

Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?

Rates may hold for rest of year as Australians struggle under rising costs

Economic growth slows to 2.5pc as rates start to bite

Rates may hold for rest of year as Australians struggle under rising costs

Australia’s economy slows as households tighten their belts, while AI investment surges

Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?

Australia's economic slowdown is just beginning, the experts warn