June 2026
In the June edition of Economic Intelligence we cover:
- Energy crisis impacts will have a long tail on the Australian economy: This research note finds that Australia’s economy is set for prolonged stagflation in 2026, as elevated fuel costs drive inflation, weaken demand, suppress investment, and gradually slow labour market conditions despite policy support.
- Tracking Australian industry: Economic momentum eased ahead of the energy shock; transport costs led the decline in spending; the labour market remained stable in March; data centre activity masked underlying economic weakness; productivity declined sharply in the March quarter; gross operating profits before the shock.
- Economic Forecasts: The OECD outlook indicates that Australia’s economic growth is expected to slow and remain below potential, inflation is projected to stay elevated, and the labour market is likely to soften slightly amid heightened global uncertainty and energy‑driven risks.
