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Australian economy getting real about AI
Economic & Market News
Artificial intelligence (AI) is beginning to show up in Australia’s economic data as it shapes investment, hiring and business operations. New research from NAB Economics and Markets Research finds the impact of AI is expected to build gradually and vary across sectors, firms and the workforce.
Meet three First Nations business leaders who are driving meaningful change across technology, education and community. Together, they represent a growing movement of First Nation-led organisations creating opportunity, building capability and shaping the future on their own terms.
NAB has opened its first Community Hub in Werribee, introducing a new community‑based banking model designed to bring specialist, face-to-face support closer to customers, when they need it most.
Industry Beans co-founders Steve and Trevor Simmons reflect on growing a business through changing conditions, and why focusing on quality, consistency and customer experience has underpinned their expansion. NAB CEO Andrew Irvine recently visited the team to hear how they are navigating today’s operating environment
Today’s labour market data are softer than expected. Unemployment jumped to 4.5% in April (NAB and consensus 4.3%). These data can be volatile month to month, but this is a soft print, and one that challenges the RBA’s SoMP judgement of labour market resilience. NAB now expects the RBA to hike in August (previously June).
NAB has unveiled a refreshed NAB app and Internet Banking experience, focused on helping customers to better manage and protect their money at a time when every dollar matters.
Podcast: NAB Economics' Gareth Spence on housing market cracks as rates rise
In this episode of the Aussie Real Estate podcast, Gareth Spence, NAB's Head of Australian Economics, discusses the Australian property market and whether its showing signs of strain, particularly in Sydney and Melbourne where price declines are becoming more noticeable.