Global growth appears to have remained above average through the first half of 2018, but with our leading indicator pointing to a moderation in coming quarters, we think that this will represent the peak for this cycle.
The US economy grew strongly in Q2 2018, driven by a rebound in consumption and further solid business investment growth.
The global economy remains in reasonable shape right now despite some pressures on Emerging Market economies.
NAB’s USD non-rural commodity price index declined by over 3% q/q in Q2 2018. This only partially reversed the large gain made in the previous quarter and, as a result, it is still 7.5% higher than a year ago. The fall in Q2 mainly reflected a decline in iron ore and metallurgical coal prices, although LNG export prices – linked to the price of oil – rose.
My ‘whys’ haven’t changed over 25 years at NAB. I’m still driven by the impact economics has on our lives and the importance of delivering independent analysis that helps people and institutions make better decisions.
Australians rate restaurants, movies and travel as the most positive experiences their money can buy, according to new research from NAB.
2018 has been exceptionally dry across much of Australia, with knock-on downside to restocker interest and young cattle prices.
Can China maintain its stable growth profile as trade tensions increase?
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