Global: Economic picture remains the most encouraging - NAB

Overall, the global economic picture remains the most encouraging it has for several years – supported by synchronised growth among the big advanced economies and broadly stable growth across the big emerging markets, according to Tony Kelly, Senior Economist at NAB.

Key Quotes

“Above trend global growth looks set to continue through 2018 but this year should be the peak of this economic cycle and growth should slow to below-trend levels by 2020 but our base case is for a soft landing for the global economy.”

“The obvious risk to this outlook comes from trade tensions between China and the US, which could erode business confidence, disrupt supply networks and distract political and business leaders from pursuing the reforms needed to boost future growth potential.”