New data shows Australia’s economy was already slowing the first three months of the year, before the full impact of a series of interest rate hikes and the war in the Middle East washed through.

So what does this slowdown mean for the outlook for interest rates?

And what will the Fair Work Commission's wage hike mean for Australia's workers?

Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.

Catch up on today's Fuelcast here.

Got a burning business question?

Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au

ABC Business Daily

ABC Australia

Are we in an economic slowdown?

JUN 3, 202620 MIN
ABC Business Daily

Are we in an economic slowdown?

JUN 3, 202620 MIN

Description

<p>New data shows Australia’s economy was already slowing the first three months of the year, before the full impact of a series of interest rate hikes and the war in the Middle East washed through.</p><p>So what does this slowdown mean for the outlook for interest rates?</p><p>And what will the Fair Work Commission's wage hike mean for Australia's workers?</p><p>Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.</p><p><a href="https://www.abc.net.au/listen/programs/abc-business-daily/fuelcast-is-the-global-oil-tank-about-to-be-empty/106746248">Catch up on today's Fuelcast here.</a></p><p>Got a burning business question?</p><p>Send a short voice recording to Carrington and the team at <a href="mailto:[email protected]">[email protected]</a></p>