Business conditions dropped into negative territory in August as slowing activity and persistent cost pressures weighed on businesses across the economy.
Keep calm and muddle on: Global Forward View August 2026 - NAB
19 August 2026
Key points
- Global growth has stabilised in Q2 pointing to a contained Iran-war fallout.
- Q2 GDP results have generally been stronger than expected; we now see global growth of 3.1% in 2026 (previously 3.0%). 2027 growth unchanged at 3.3%. The continued Iran conflict means risks to the outlook remain tilted to the downside.
- The Japan-US yen intervention highlights the fundamental need for the BoJ to raise rates more quickly than it has been doing.
Related Articles
Contact us
Media Enquiries
For all media enquiries, please contact the NAB Media Line on +61 3 7035 5015