Business Research & Insights

We have lifted our global growth forecasts for 2024 and 2025 from 3.1 to 3.2%

Fiscal stimulus likely too late to boost 2024 growth, but may add some upside to 2025 forecasts

Our global growth forecasts are unchanged this month, we see the global economy expanding by 3.1% in both 2024 and 2025.

NAB Non-rural Commodity Price Index fell by around 3.6% qoq in Q3.

Growth in the major advanced economies bounced back in Q2

The US Private Placement market is seeing a surge in investor demand, with favourable conditions for issuers and an upswing in credit across many sectors, customers at a special NAB event series have heard.

No signs of change in July as policy emphasises supply, domestic demand is subdued

NAB’s Non-rural Commodity Price Index fell by around 7.0% in Q2

Our global forecasts are unchanged and we continue to expect soft global growth of only 3.0 to 3.1% between 2024 and 2026.

China’s growth slowed in Q2, with domestic demand remaining constrained and manufacturers relying on exports

NAB’s Non-rural Commodity Price Index declined in Q2

We have slightly revised our global economic outlook this month – with growth of 3.0% expected in 2024