From www.aigroup.com.au: The Treasury forecasts Australian GDP growth will improve from 1.4% in 2023-2024 to 1.75% in 2024-2025 and reach 2.25% in 2025-2026, while household consumption is expected to recover to 2.0% in 2025-2026.

The unemployment rate is projected to rise to 4.5% over the next two financial years, maintaining the estimate of full employment.

Inflation is anticipated to decline to a stable 2.75% across 2025-2026, with wages growth decreasing from 4.1% to 3.0% by the end of that period.