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ANZ

July 10, 2026

Australian Macro Weekly

Weekly UpdateRates Govt BondsEnergy

The Australian economy is currently facing structural supply-side challenges that require below-trend GDP growth to tame inflation. ANZ expects GDP to grow at 1.1% in 2026 and 1.6% in 2027.

Key Takeaways

  • 1.RBA policy is focused on supply shocks, suggesting that below-trend growth is required to return inflation to target.
  • 2.ANZ forecasts GDP growth of 1.1% in 2026 and 1.6% in 2027, well below the 2% trend.

Table of Contents

  • Contents
  • Contributors
  • A 1–2% GDP growth economy
  • The week ahead
  • The week that was
  • Energy and supply chain monitor
  • Recent reports
  • Data previews
  • Forecasts
  • Data and events calendar
  • Five-week calendar
  • Important Notice

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Authors

Adam BoytonJasmine ZhengMadeline DunkAaron LukSophia AngalaSiddhant Kalra

Themes

Restrictive monetary policySupply-side inflation

Regions

Asia PacificMiddle EastAustraliaUnited StatesJapan