SMH · Shane Wright · Thursday 26 March 2026
The OECD projects Australia among the world's fastest-growing economies this year, but persistent inflation threatens to keep the Reserve Bank from cutting rates, tempering the good news.
Being the fastest-growing economy in a war-battered world is like winning a foot race in a hospital ward — technically impressive, entirely contextual. The OECD hands us a gold star while the Reserve Bank sharpens the interest rate knife, which is the economic equivalent of being told you're the healthiest patient in intensive care. Growth with inflation isn't prosperity — it's a fever the government's mistaking for a healthy glow.