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Westpac Economics

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Australia's growth lag, jobs surge, inflation eases

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Latest: Australia and US Inflation Reports Shape Market Outlook

Australia’s economy continues to miss its 2.5 % growth target, with Q2 2026 GDP up only 0.3 %. The labour market stayed resilient in June, adding 76,300 jobs – the strongest monthly gain since April 2025 – with part‑time