QIC chief economist Peter sees global growth slowing to 2.9% in 2026 - SPY News | RalliesQIC chief economist Peter sees global growth slowing to 2.9% in 2026
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SPY• Global and Australia outlook softens
- QIC Chief Economist Dr Matthew Peter flagged easing global growth, with 2026 seen at 2.9% from 3.5% in 2025.
- Base case expects the world to avoid recession, assuming inflation expectations stay anchored and energy prices ease in 2H.
- Core inflation seen easing slowly, with a return to central-bank targets not expected until 2028.
- RBA cash rate at 4.35% after 75 bp of hikes this year; cuts toward neutral seen starting in 2H 2027.
- Australia growth forecast to slow to 1.7% in 2026; underlying inflation seen above the 2%-3% band through 2026.
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