Rates, inflation clouds spending outlook
Households were spending up earlier in the year, but rising interest rates and ballooning inflation are likely to curb activity.
Households were spending up earlier in the year, but rising interest rates and ballooning inflation are likely to curb activity.
There are signs next week's national accounts will show the economy was barely growing in the first three months of the year.
Prime Minister Scott Morrison believes the war in the Ukraine will likely depress global economic growth.