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AAP
AAP
Business
Prashant Mehra

NAB sees slower growth in 2023

NAB head Ross McEwen says 2023 will be a year of slower growth than 2022, and evolving challenges. (Joel Carrett/AAP PHOTOS) (AAP)

National Australia Bank expects headwinds next year from rising interest rates and high inflation but says it still expects the economy to grow, albeit at a slower pace.

"It is clear that 2023 will be a year of slower growth than 2022, and challenges will continue to emerge and evolve," Chief Executive Ross McEwan told shareholders at the company's annual general meeting in Melbourne.

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