Australia Economic Outlook – Q2 2026

Economic activity is expected to remain weak through 2026, with weak consumption acting as the primary drag in line with weak confidence and high interest rates.

The easing of the Iran conflict through the recent signing of a Memorandum of Understanding between the United States (US) and Iran has reduced, but not eliminated, one of the most significant risks facing the world economy so far in 2026. The escalation of the Iran conflict earlier in the year drove a sharp spike in global oil prices, with spot prices rising above US$100 per barrel at their peak. Although prices have since unwound from their heights as prospects for a peace agreement have ...

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Authors: Brendan Rynne, Michael Malakellis,

Published Date: 08 July 2026