As inflation subsides and rate cuts begin, explore the outlook for the Australian economy in FY26. Learn about the key factors influencing growth, including consumer spending, the housing recovery, and green energy initiatives.

Jane Ojario14 August 2025financial planner adelaide, FINANCIAL ADVISOR ADELAIDE, ECONOMIC OUTLOOK, AUSTRALIAN ECONOMY, INTEREST RATES, RBAComment

Reserve Bank of Australia (RBA) - Economic Outlook for 2022

Global economic growth picked up in the second half of 2021 following the lifting of mobility restrictions, and is forecast to remain above trend in 2022. The rapid spread of the Omicron variant of COVID-19 has been disruptive but is not anticipated to have a large or sustained impact on growth. Inflation in many countries has persisted at multi-year highs and has broadened in scope. Central banks in advanced economies still expect inflation to moderate, but have raised their inflation forecasts for 2022 and have emphasised the considerable uncertainty surrounding this outlook.