Original article by Patrick Commins
The Guardian Australia – Page: Online : 8-Jul-26

Tim Robinson from the Melbourne Institute of Applied Economic & Social Research expects Australia’s economic growth to remain "quite weak" for the rest of 2026; he says this means a per capita recession is likely. The Commonwealth Bank’s head of Australian economics Belinda Allen also expects economic growth to remain weak in the near-term, but she is more upbeat about the outlook for 2027. Allen adds that she had never expected Australia to experience a recession, and notes that the impact of the Iran war on energy markets and the economy have not been as severe as the bank had anticipated. However, Allen believes that further increases in the cash rate are needed.

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UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA