Business confidence continued to recover in June as concerns about the economic impact of Middle East tensions eased and cost pressures proved less severe than initially feared, according to the latest NAB Monthly Business Survey.
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).
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