Diana Mousina, deputy chief economist at AMP, joins Marius Mariton to discuss AI investment, China's economy, global bond yields and the cost of having an extra kid.

Mousina examines NextDC's share price fall after delays to a Melbourne data centre expansion, explaining how electricity supply and community opposition can constrain infrastructure development. While she remains positive on AI demand, she warns investors to be selective as technology stocks may struggle to maintain their recent growth pace.

The conversation turns to China's economic growth and its importance to Australia. Despite weakness in China's property sector, Mousina says demand for Australian commodities remains supported by exports and industrial activity. She also explains why rising global bond yields and government debt could weigh on equity markets.

Mousina discusses findings from AMP's Retirement Pulse survey, which show younger Australians reconsidering plans to have children amid housing costs, childcare expenses and employment uncertainty. She explores the limits of intergenerational wealth transfers and potential ways governments could better support families.

Finally, Mousina assesses Australia's economic outlook, including housing affordability, productivity and living standards. While she does not expect a recession, she anticipates soft growth in the coming years and argues GDP per capita offers a clearer picture of how households are faring.