{"id":588729,"date":"2026-04-06T08:23:08","date_gmt":"2026-04-06T08:23:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/588729\/"},"modified":"2026-04-06T08:23:08","modified_gmt":"2026-04-06T08:23:08","slug":"australian-living-standards-set-to-slide-amid-inflation-and-middle-east-conflict-economists-warn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/588729\/","title":{"rendered":"Australian living standards set to slide amid inflation and Middle East conflict, economists warn"},"content":{"rendered":"<p>Living standards are set to slide in the first half of 2026 as inflation eats away at incomes and households pull back on non-essential spending, with economists warning Australia could see the weakest GDP growth since the early 1990s if war in the Middle East drags on.<\/p>\n<p>National Australia Bank economists Taylor Nugent and Gareth Spence expect real household income per person to fall around 0.7 per cent over the first half of 2026, as a result of higher fuel costs and associated price rises.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Living standards are set to slide in the first half of 2026 as inflation eats away at incomes&hellip;\n","protected":false},"author":2,"featured_media":588730,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-588729","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/588729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=588729"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/588729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/588730"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=588729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=588729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=588729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}