Australian Macro Weekly

Latest edition · July 10, 2026

Australian Macro Weekly a 1 2 GDP growth economy 1

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.

RBA communications suggest a high tolerance for weak activity data as the central bank prioritizes addressing supply shocks and managing inflation expectations. Consequently, ANZ forecasts GDP growth to remain between 1–2% for the coming years, which would historically signal a need for rate cuts but now necessitates a continued restrictive policy stance to prevent further rate hikes.

Key takeaways from the latest edition

• 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.

What this series covers

• 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

Edition archive

• Australian Macro Weekly a 1 2 GDP growth economy 1

  July 10, 2026

• Australian Macro Weekly hawkish RBA minutes housing downturn deepens

  July 3, 2026

• Australian Macro Weekly Q2 trimmed mean to print below the RBA s forecast

  June 26, 2026

• Australian Macro Weekly RBA on hold focus now on May CPI

  June 19, 2026

• Australian Macro Weekly RBA to leave rates on hold this year cuts in 2027

  June 12, 2026

• Australian Macro Weekly growth momentum easing

  June 5, 2026