The Only Way is Up: NAB Global Forward View - NAB

17 August 2026 
Economy and Markets

Key points

  • Global growth has been resilient so far in the face of the shock to global energy prices, we again revised global growth for 2026 higher this month.
  • The global economy will be tested by the renewed spike in energy prices, rising interest rates (short and long-term) as this year’s fiscal stimulus fades.
  • The US Fed raised rates this month, by 25bp, and we expect another 25bp move in December.

Read the full NAB Global Forward View September report. 

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