ANZ Sees Modest 1.8% GDP Growth Through 2026

Reuters
Feb 17
ANZ Sees Modest 1.8% GDP Growth Through 2026

ANZ Group Holdings Limited expects modest GDP growth of 1.8% year on year through 2026, citing continued weak consumer confidence following the recent RBA rate hike. Household sentiment remains pessimistic, with both short- and medium-term economic confidence at decade lows, likely dampening household consumption growth and contributing to subdued business performance in the near term.

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