Original article by Lea Jurkovic
The Australian Financial Review – Page: 1 & 4 : 10-Feb-26

The Reserve Bank of Australia’s latest forecasts shows that the domestic economy is expected to grow by just 1.6 per cent in the year to June 2028. This is the central bank’s lowest medium-term growth outlook since it began releasing forecasts in 1990. Stephen Smith from Deloitte Access Economics notes that this compares with the Treasury’s growth forecast of 2.75 per cent in the Mid-Year Economic and Fiscal Outlook; he adds that a GDP hit of more than one percentage point would have "fairly material implications" for budget revenue forecasts. Meanwhile, Labor used question time on Monday to refute suggestions that rising government spending contributed to last week’s interest rate increase.

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