ECONOMIC COMMENTARY

Towards the future of the Australian, Asian and global economies: latest updates on domestic, international and industrial trends from NAB Group Economics.

BUSINESS surveys

Business confidence remains very weak despite a rebound in the month.

No state or territory will be spared from COVID-19 economic fall-out.

Business confidence saw its largest decline on record and is now at its weakest level in the history of the NAB Monthly Business Survey.

SME confidence declines ahead of the COVID-19 disruption.

INSIGHTS, TRENDS AND CASE STUDIES

The overall trend in consumption spending continues to improve, but in 4-week moving average terms is down 7.8% over the same time last year and 5.8% since the start of 2020.

NAB Group Chief Economist Alan Oster unpacks the latest consumption data and the results are encouraging.

New podcast: NAB CEO and Group Chief Economist on how Australia will rise again.

April crash, tentative recovery in May.

Biljana Nikolova, Customer Executive GEC explores the implications of the COVID-19 pandemic on Australia’s Education sector with Dean Pearson, Head of Economics Research and discusses with Jack Stevens (CEO, Edstart) how NAB and Edstart are supporting schools and parents during this challenging time.

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

The latest economic data from China continues to highlight some challenges in its recovery phase.

We have revised down our forecasts for global GDP and now expect -3.8% in 2020, while we expect Australian GDP to fall by 8.5%.

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

Large falls in consumption-based spending although the pace of decline looks to have stabilised. However business payment inflows have weakened further.

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