Overview With few major data releases in the past month our forecasts remain largely unchanged, with subdued growth still the order of the day. Overall, we continue to expect GDP growth of 1.7% for 2024, improving to around a trend rate of 2¼ % in 2025 and 2026. That said,...
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Summary After a year of fairly strong growth in Gross State Product (GSP) across most states in 2022-23, overall growth is expected to be slower in the current year and into 2024-25 with high inflation and rates weighing on households and businesses. Consumption growth was flat in most jurisdictions in...
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Local Economic Outlook Over the last month we have had lots of new data. That includes the Q4 GDP release, our NAB Business Survey and data notes, the RBA and finally yesterday’s labour force estimates for March. So where are we and where to from here? To me, the national...
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