From kpmg.com: Australia’s economy is experiencing its weakest growth since 1991, with a 0.8% quarterly GDP increase and declining per capita GDP for seven consecutive quarters.

Cost-of-living packages and CPI adjustments are complicating inflation control, leading to zero growth in household consumption and falling business profitability.

Globally, stable growth is projected but constrained by trade tensions, while most advanced economies are reducing policy rates as inflation moderates.