Australia’s economy expanded by just 0.3% in the March quarter, with growth driven largely by investment in data centres while household spending remained subdued and productivity declined. NAB Senior Markets Economist Taylor Nugent joins SBS On the Money to unpack what the latest GDP figures mean for the economy and the outlook for interest rates. Plus, despite the weak economic data, the ASX 200 climbed 0.7% as investors scaled back expectations of a near-term rate rise. Josh Gilbert from eToro explains what drove the market higher, including record highs for mining giants BHP and Rio Tinto, strong gains for the banks and a pullback in technology stocks.
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SBS News In Depth Folgen
SBS News in Depth is a news analysis podcast that goes behind the headlines to explain the stories shaping Australia and the world. In each episode, the SBS News team brings you reporting, analysis and interviews on politics, the economy, social issues and global affairs, helping you understand what's happening and why it matters. New episodes daily.
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Folge vom 03.06.2026Australia's economy stalls despite data centre investment boom
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Folge vom 03.06.2026Mabo Day celebrates the legacy of Eddie MaboAs Australia marks Mabo Day, Eddie Mabo's family have delivered powerful reflections on his legacy. Speaking at the Australian Institute of Aboriginal and Torres Strait Islander Studies Summit on the Gold Coast, Gail and Kaleb Mabo are urging Australians to continue the fight for truth, justice and recognition.
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Folge vom 03.06.2026Trump administration abandons $1.8 billion fund to compensate supportersThe eyes of the world are on the US' negotiations with Iran to end its war in the Middle East, as a tenuous ceasefire continues to hold and demands to reopen the Strait of Hormuz are repeated. But there are also developments happening within the United States as the crucial midterm elections move closer. Those developments include the apparent dropping of plans to establish a compensation fund for Trump allies. The about-face is a setback for one of Trump's most divisive second-term initiatives, which had drawn criticism from Democrats, legal experts and numerous Republicans in Congress.
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Folge vom 03.06.2026Solomon Islands and Australia push forward on treaty as China ties reconsideredAustralia and the Solomon Islands will progress with a comprehensive treaty as the Pacific nations' security pact with China faces review. The deal is the latest in a set of deals with Pacific neighbours, as Australia hopes to counter China's influence in the region.