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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