NAB specialists and clients from across the bank’s Fund Sponsors, Strategic Investors and Alternative Assets (FSA) business gathered over lunch recently to share career stories and advice on promoting greater diversity and inclusion.


September industrial output and broader measures of quarterly GDP are finally showing economic growth starting to lift in line with both the business surveys and our forecast for a global upturn in 2014 (growth at 3½% unchanged).
Global: September industrial output and broader measures of quarterly GDP are finally showing economic growth starting to lift in line with both the business surveys and our forecast for a global upturn in 2014 (growth at 3½% unchanged). That is largely driven by the advanced economies (especially the US and Europe). Despite the faster growth in sight, central banks across the big advanced economies are expected to keep interest rates very low by historical standards. The beginning of US ‘tapering’ is likely to be accompanied by further interest rate guidance to avoid a repeat of the June 2013 bond sell-off. Emerging market central banks face more of a dilemma with some raising rates recently to combat inflation (Indonesia, Brazil) and disappointing growth outcomes across large parts of SE Asia, India and Latin America.
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