AUTHORS

Tony Kelly

Tony Kelly

Economist

“Tony's expereince includes working at the The Victorian Department of Treasury and the Commonwealth Treasury”

Tony joined NAB early in 2011 from the Victorian Treasury where he worked for 12 years on a range of issues, including state budget strategy and forecasting state taxation revenues.

Before this, Tony was in the Commonwealth Treasury for a decade, where he undertook work on macroeconomic forecasting, microeconomic reform and debt management.

Tony grew up in Canberra and graduated (with first class honours) from the Australian National University. He also holds a Masters degree in Applied Finance from Macquarie University.

RECENTLY PUBLISHED ARTICLES

Increasing household wealth (due to rising equity and house prices), as well as a high level of consumer confidence, remain tailwinds for consumer spending.

After a sluggish start to the year, GDP growth rebounded in the June quarter and the labour market continues to tighten.

Following a slow start to the year, GDP growth looks to have accelerated in the June quarter.

Inflation has slowed recently even allowing for ‘one-offs’.

After a slow start to the year, early indications for June quarter GDP are pointing to an acceleration in growth.

A slow start to the year…again.

The details for quarterly growth, while mixed, where not as bad as the headline result.

Investment indicators looking better

Jobs growth, business surveys and consumer sentiment all point to an economy in good shape.

Financial markets rallied strongly shortly after it was clear Donald Trump would be the next President. This was evident across stock, currency and bond markets, and there was also a decline in credit spreads.

Change to fed rate call – March hike now expected.

We expect growth to face some headwinds in coming quarters but to strengthen later in the year and into the next, assuming the President delivers a fiscal stimulus to the economy

Re-building the US industrial base, aiming to “massively increase jobs, wages, incomes and opportunities for the people of our country” is the principal economic objective of the Trump Presidency.

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