Australia's Q1 2025 GDP Preview: Private Sector Strength

In this episode, we dive into NAB Economics' preview of Australia's Q1 2025 GDP, which forecasts a 0.5% quarter-on-quarter rise. The growth is expected to be led by private sector momentum, particularly through business and dwelling investment, even as consumer spending shows signs of cooling. We'll explore how this outlook aligns with the Reserve Bank of Australia's expectations and what it means for inflation, the labor market, and future economic policy. Plus, we discuss the challenges ahead in sustaining investment and reviving consumption to support long-term growth.