NAB Forward View – Global: April 2018
First shots fired in the US-China trade war.
- Above trend global growth looks set to continue through 2018 but this year should be the peak of this economic cycle.
- Growth should slow to below-trend levels by 2020 but our base case is for a soft landing for the global economy.
- The obvious risk to this outlook comes from trade tensions between China and the US, which could erode business confidence, disrupt supply networks and distract political and business leaders from pursuing the reforms needed to boost future growth potential.
For further details, please see the attached document: