Australia's Real GDP Growth Estimated to be 1.8% in 2025, 2.2% in 2026, United Nations Report Says

MT Newswires Live01-09

Australia's real gross domestic product (GDP) growth is estimated to be 1.8% for 2025, 2.2% in 2026, and 2.4% in 2027, the Commonwealth Bank of Australia, the Australian Associated Press, and Reuters said in a Friday statement, citing the United Nations' World Economic Situation and Prospects report.

The country's real GDP growth in 2024 was 1.1%. Strong wage growth supported a recovery in private consumption in the country, while private investment remained relatively weak, per the report.

The global economic growth is forecast to fall to 2.7% in 2026 from 2.8% in 2025 before rallying to 2.9% in 2027. In comparison, the pre-pandemic average growth was 3.2% between 2010 and 2019. The global economy proved resilient, despite the impact of trade tariffs, supported by front-loaded shipments, inventory accumulation, and solid consumer spending amid monetary easing and broadly stable labor markets.

Growth in trade and overall activity is likely to moderate in the near term, the report added.

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