We expect growth in the global economy to remain subdued out to 2026.
Insight
The NAB Australian Wellbeing Index fell in the final quarter of 2023.
Wellbeing is at its lowest point since the onset of COVID. The unemployed, renters & low income earners are among those with the lowest wellbeing. Victoria is lagging other states. Household financial stress is at its highest since mid-2016. 1 in 3 Australians believe they are worse off financially compared to a year ago. Concern over income is at a survey high.
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