Global growth remained above average in H12018 - NAB
|According to analysts at NAB, global growth appears to have remained above average through the first half of 2018, but with NAB’s leading indicator pointing to a moderation in coming quarters, they think that this will represent the peak for this cycle.
Key Quotes
“As a result we expect global growth to reach 3.8% in 2018 and then to ease over 2019 (3.7%) and 2020 (3.5%). After hitting a soft patch in Q1, major advanced economy growth rebounded in Q2. Industrial indicators in emerging market (EM) economies are mixed and risk concerns are elevated as some EM financial markets have come under strong pressure, most notably Turkey recently, with some contagion to other EMs. A gradual tightening in advanced economy monetary policy settings is underway.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.