Original article by Matthew Cranston
The Australian – Page: Online : 4-Jun-25

The OECD now expects the Australian economy to grow by just 1.8 per cent in 2025, compared with its previous forecast of 1.9 per cent. However, its growth forecast for 2026 has been upgraded from 1.8 per cent to 2.2 per cent. The Paris-based organisation also expects global economic growth to slow in both 2025 and 2026. Meanwhile, Australia’s official GDP data for the March quarter will be released today, and economists from the nation’s four major banks have downgraded their forecasts for economic growth during the period; Westpac is the most bearish, warning of a small risk of negative growth.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, WESTPAC BANKING CORPORATION – ASX WBC