Growing Confidence in Gradual GDP Growth Acceleration Forecast Over Coming Quarters, NAB Says
MT Newswires Live
Sep 19, 2025
Higher household spending, strong job gains, rising house prices, an improved Purchasing Managers' Index, growing gross domestic product, along with an increase in employment, has boosted National Australia Bank's (ASX:NAB) confidence in its forecast of a gradual pickup in the country's economic growth, the bank said in a Thursday statement.
The bank sees unemployment rising to 4.4% by the end of the year, then fall to about 4.25% next year, while expecting inflation to settle around 2.5%.
NAB expects growth to improve in 2026 and the outlook to get better if similar strong domestic data keeps flowing in.
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