GLOBAL ECONOMIC RESEARCH

INSIGHTS, TRENDS AND CASE STUDIES

Indicators in major advanced economies point to a renewed easing in growth for the rest of 2019, driven largely by the US economy. Similarly in Australia, we expect growth to continue at a below trend pace over the next few years.

Global growth remains under pressure even with US-China trade dispute pause.

NAB’s Non-Rural Commodity Price Index has been on the up in recent quarters, in large part due to iron ore prices.

Horticulture exports grow to rival Australian lamb and dairy.

NAB’s Non-Rural Commodity Price Index is expected to increase by 0.9% quarter on quarter in Q2 2019, a little stronger than anticipated in May.

The Bigger Picture – A Global and Australian Economic Perspective – May 2019.

Trade policy turbulence continues to unsettle the global economy.

US-China trade dispute a headwind to growth.

The Bigger Picture – A Global and Australian Economic Perspective – May 2019.

Trade worries overshadow tentative signs of activity stabilising.

Reflecting the sustained strength in iron ore prices, NAB’s Non-Rural Commodity Price Index is forecast to increase by 0.4% qoq.

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