The Forward View Australia December 2025: missing the approach - NAB

18 December 2025
Economy and Markets

Economic outlook and trends

  • The economy looks to be ending 2025 with private sector growth strong and the labour market healthy. 
  • Inflation is expected to track above 3% for a number of quarters with the Q4 trimmed mean likely to surprise the RBA again.
  •  We now expect rates to rise in H1 2026, in a modest recalibration of policy.

For the full detail, read the report here (PDF, 1MB).

Related Articles

NAB Global Forward View October — Resilience to be tested

Economy and Markets

Q3 growth held up while business surveys point to positive momentum as headwinds intensify.

21 October 2026 | 1 min

Commercial property outlook softens as retail loses ground - NAB Commercial Property Survey Q3 2026

Economy and Markets

Australian commercial property sentiment softened for a second consecutive quarter, with weaker retail conditions weighing on the market, according to the latest NAB Commercial Property Survey.

19 October 2026 | 2 min read

Triple squeeze hits business confidence - NAB Monthly Business Survey September 2026

Economy and Markets

A triple threat of higher interest rates, global uncertainty and elevated fuel and diesel costs is weighing down business confidence, according to the NAB Monthly Business Survey.

13 October 2026 | 2 min read

Contact us

Media Enquiries

For all media enquiries, please contact the NAB Media Line on +61 3 7035 5015