Slower growth for Australia

About this episode

NAB's Ray Attrill discusses the slowing growth in Australia and its implications for the economy.

Wednesday 3rd June 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB More signs of global cooling. NAB’s Ray Attrill looks ahead to today’s Q1 GDP for Australia, with expectations dialled down following a surprising slide into a trade deficit yesterday. It shows how domestic growth was already slowing and tracking below RBA forecasts well before recent energy shocks emerged, although Ray says this, and the 4.75% increase in minimum wage, won’t impact the RBA’s trajectory. But the expectation of a rate rise from the ECB rose along with inflation yesterday. Services inflation is a particular sticking point.  Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Dobbie

Topics covered

• economic growth
• Australia
• GDP
• trade deficit
• inflation
• minimum wage
• central banks

Keywords

• Australia
• GDP
• trade deficit
• inflation
• minimum wage
• RBA
• ECB

Mentioned in this episode

Organizations: NAB, RBA, ECB

Places: Australia

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