GDP growth slows to 0.3% in March quarter as households pulled back on spending

By Yajush Gupta · 4 June 2026 · News

GDP growth slows to 0.3% in March quarter as households pulled back on spending

Australia's Economy Hits a Roadblock

The country's GDP growth has slowed to a crawl, sparking concerns about the future of the economy. What drove this sudden downturn, and what does it mean for your wallet?

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Summary

Australia’s economy grew just 0.3% in the March quarter, below expectations, as households cut back and export disruptions bit.