Jim Chalmers is putting a positive spin on the economy, but is the outlook for Australia grim?
The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot
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The economy slowed sharply in early 2026 and Australians’ living standards are once again going backwards.
At the risk of upsetting the treasurer by “talking down the economy”, as he put it, there wasn’t all that much to love in the latest national accounts.
https://www.theguardian.com/business/2026/jun/03/australia-economic-outlook-economy-gdp-growth-jim-chalmers">Continue reading...Australia's Economic Growth Slows
- Australia's first-quarter economic growth misses estimates on severe weather, weak demand CNBC —
- Australia Economic Growth Slowed More Than Expected Last Quarter Bloomberg —
- Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins ABC News —
- Australia’s Economic Growth Slows Wall Street Journal —
- Australian Dollar Could Fall Following 1Q GDP Data Wall Street Journal —