Global economic environment remains most encouraging - NAB

According to Tony Kelly, Senior Economist at NAB, the global economic environment remains the most encouraging it has been for many years as growth has broadened out across the advanced world, and some key emerging market economies have recovered from deep recessions.

Key Quotes

“Financial market volatility has eased since the US equity market correction in late January but there are still a range of geo-political and market events that could emerge to again increase the level of uncertainty, with the risk of a trade war intensifying as President Trump has imposed tariffs on US steel and aluminium imports. If these risks remain in check, we expect that the current above trend growth can continue this year and next, as long as advanced economy central banks remain relatively cautious in tightening policy and governments place a low priority on budget repair.”