Deloitte Access Economics
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Finance
Deloitte cuts Australia growth forecast to 1.3%
Deloitte Access Economics cut its real GDP forecast for 2026-27 from 1.9% to 1.3% on 7 July 2026, the weakest annual projection since the early-1990s recession. Three pressures are compounding: a productivity slump, the Reserve Bank's 4.35% cash rate, and an unresolved Middle East oil shock.