03-June-2026
Economy News
 
Australia Q1 Economic Growth Slows on Trade Drag, Consumers Struggle
03-Jun-2026

Australia's economy slowed in the March quarter as strength in business investment was offset by a drag from trade, data showed on Wednesday, while higher borrowing costs and rising petrol prices cooled consumer demand. The pullback is likely to worsen as the Middle East conflict and rapid-fire policy tightening have sent household spending falling, house prices flatlining and the unemployment rate edging higher.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-02/australia-economic-growth-slows-to-0-3-in-q1
 
 
 

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