Australia Economic Outlook: Q1 2026

Economic growth exceeded expectations in late 2025, though momentum remains fragile and heavily reliant on public demand, with weak private activity, subdued productivity and soft household consumption.

The world has been plunged into another economic crisis with the escalation of conflict in the Middle East that has shut the Strait of Hormuz, effectively reducing global oil supply by about 20 percent. Fundamentally, the challenge with this current crisis relates to how long will the conflict with Iran last, and how quickly will oil markets return to "normal". The oil futures market has been grappling with this question for more than nine weeks now, and while the near term price has fluctu...

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Authors: Brendan Rynne, Michael Malakellis,

Published Date: 22 April 2026