Australia is facing its most extended period of sub-par economic expansion since the early 1990s recession, according to a new assessment by Deloitte Access Economics.
The consultancy warns that structural vulnerabilities are compounding the slowdown, leaving the economy in a state of deep malaise that has business leaders increasingly concerned about the outlook.
The assessment highlights a broad-based weakness in growth metrics, suggesting that the current economic regime is not merely a cyclical dip but a more entrenched structural issue.
This perspective aligns with growing unease among corporate executives and policymakers, who are grappling with the implications of sustained low growth on investment and employment.
The Reserve Bank of Australia’s recent confirmation that it is reviewing its relationship with KPMG Australia adds another layer of regulatory pressure to the domestic financial landscape.
While this move primarily targets accounting standards and oversight, it underscores the broader scrutiny facing major institutions in a fragile economic environment.