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Australia's economic slowdown is just beginning, 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.

1 report1 sourceJun 3, 2026, 7:16 PM
FilterABC Australia
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ABC AustraliaJun 3, 2026, 7:16 PM

Australia's economic slowdown is just beginning, 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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