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NAB Global & Australian growth still sluggish

Posted by medicalfinancial on 13 November 2012

Global growth still sluggish with major divergences between different regions. Below trend growth expected to continue into 2013 as world economy averts major risks in US and Euro-zone. Australian economy stumbles into Q4, with growth clearly below trend. Slowing mining boom, still high AUD and fiscal tightening to weigh on near-term activity. GDP forecasts unchanged, but softer than RBA and Commonwealth. One more RBA cut in February provided modest CPI and still soft demand.

Below is the full report:

http://www.medicalfinancial.com.au/images/121113 NAB Global and Australian Forecasts.pdf

 

Author: medicalfinancial
Tags: News Wealth Creation

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