Sydney, 3 June 2026 – Australia’s economy slowed more than expected in the first quarter of 2026, as a sharp drag from trade offset resilient domestic demand and reinforced the challenge facing policymakers as they try to cool inflation without stalling growth.

Real gross domestic product expanded 0.3% quarter-on-quarter in the March quarter, down from 0.9% in the previous quarter and below market expectations of 0.5%. On an annual basis, the economy grew 2.5%, showing that Australia remained in expansion mode, but with momentum clearly easing.

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Bernard Lee

Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.