GLOBAL ECONOMIC RESEARCH

INSIGHTS, TRENDS AND CASE STUDIES

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.

In USD terms, NAB’s Non-Rural Commodity Price Index is forecast to fall by 1.9% qoq in Q2 2019.

The bigger picture – A global and Australian economic perspective.

Growth slowdown continues; risks still to the downside

In USD terms, NAB’s Non-Rural Commodity Price Index is forecast to increase by 3.1% qoq in Q1 2019.

Year of the Pig brings an uncertain outlook

Confidence and conditions continue to ease

In USD terms, NAB’s Non-Rural Commodity Price Index is forecast to increase by 2.7% this quarter – driven almost entirely by the upturn in iron ore prices.

China’s economy continues to soften, but our outlook is unchanged.

Global Dairy Trade auction results have seen some upside since December after a fairly weak run over much of 2018.

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