December 9, 2014

Global & Australian Forecasts – December 2014

Recent monthly economic indicators and business surveys show continued moderate global economic growth along with big variations between economies. Low interest rates, falling oil prices and smaller budget cutbacks in big advanced economies underpin faster growth of 3½% in 2015 and 2016.

Key Points:

  • Recent monthly economic indicators and business surveys show continued moderate global economic growth along with big variations between economies. Low interest rates, falling oil prices and smaller budget cutbacks in big advanced economies underpin faster growth of 3½% in 2015 and 2016. Global economic growth should remain heavily reliant on an upturn in India accompanied by continued good performance in China and the US. Headwinds to global growth should come from weakness across Japan, the Euro-zone and Latin America.
  • Softer commodities outlook and prospect of more severe deterioration in labour market mean we have changed our rate call to two cuts of 25 bpin March and August 2015, then on hold until late 2016. GDP forecasts cut reflecting weaker history and terms of trade: 2014/15 2.5% (was 2.9%); 2015/16 3.0% (was 3.2%). Unemployment rate now to peak at around 6¾% (was 6½%).

For further analysis download the full report.

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Accelerating diversity at NAB industry eventAccelerating diversity at NAB industry event

Accelerating diversity at NAB industry event

31 March 2025

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.

Accelerating diversity at NAB industry eventAccelerating diversity at NAB industry event