Weak productivity and underinvestment have left Australia struggling to grow without stoking inflation, Deloitte Access Economics warns.

Australia has the equal-highest core inflation rate among major developed economies and the second-highest across all advanced economies, behind only Iceland.

Weak productivity and underinvestment have left Australia struggling to grow without stoking inflation, Deloitte Access Economics warns.

One of the nation’s top economic forecasters warns the next two years will also be a grind thanks to higher unemployment and more poor wage growth.

One of the nation’s top economic forecasters warns the next two years will be a grind thanks to higher unemployment and poor wage growth.

Its annual employment report warns that real wages will fall further this year, complicating Labor’s efforts to argue it has made progress on the cost of living.

A trio of bleak developments exposes the scale of the challenge confronting Labor as it tries to ease economic pressures driving voters towards One Nation.

The IMF reduced its 2026 growth forecast for Australia to 1.9 per cent, which economists say would be good news for the RBA in its fight against inflation.