Global growth remains sluggish – NAB

Research Team at NAB, notes that the global growth remains sluggish and sub-trend and despite signs of stabilisation in areas of the world where economic activity has been weak, there is little evidence of new growth engines that could pull economic growth out of the doldrums.

Key Quotes

“Consequently, we do not expect much improvement in global growth, which should remain below trend. Weak growth and below target inflation allows central banks to keep rates historically low and the focus in fiscal policy is shifting away from austerity to wind back big public debts and towards how public sector investment can be increased. While global growth has been disappointingly sluggish it has at least proved resilient, continuing through numerous shocks – Brexit, 2015’s Chinese currency and share market volatility, and the early 2016 growth scare to name just three.”

 

 

 

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