A solid outcome to round out 2022 NAB Group Economics Overview NAB sees a 0.8% q/q (2.8% y/y) GDP print for Q4 2022. Household spending looks to have remained resilient to rising rates and inflation. In part, this reflects the ongoing recovery in services spending. Elsewhere, investment looks to have...
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Global We now forecast the global economy to expand by 3.0% in 2022 (down from 3.2% previously) before slowing to 2.5% in 2023 (was 2.9%). Several advanced economies are at heightened risk of recession. Tighter financial conditions and the fallout from the Ukraine-Russia conflict (including for European energy supply) are…
Global Major central banks continue to tighten monetary policy in response to the highest inflation in decades, thereby straining household finances and leading to falls in asset prices. The duration and severity of the Russia-Ukraine conflict remains uncertain – negatively impacting energy and agricultural markets with the latter having the…
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