Global economy in reasonable shape right now - NAB

The global economy remains in reasonable shape right now despite some pressures on Emerging Market economies, according to analysts at NAB.

Key Quotes

“Advanced economy growth looks like it picked up in Q2 and business survey readings are still at solid levels. In contrast, growth in China and some other EME countries looks to have slowed.”

“Our forecasts for global growth have not fundamentally changed, and while we expect it to remain above its long-run average for now, we think growth of 3.8% for this year will be the peak, with our leading indicator of global growth pointing to a moderation in growth in coming quarters.”

“The major immediate risk to this view comes from rising trade tensions, and the possibility that a tit-for-tat cycle of retaliatory measures escalates out of control.”

 

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 securities. 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 Forex 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.