Improved tone in global markets - NAB

Research Team at NAB, suggests that there was an improved tone in global markets this month.

Key Quotes

“While this is welcome news that reduces the risk of a new slowdown in the global economy, sub-trend growth is expected to continue with the pace of global expansion remaining around 3% in 2016.

March global business surveys are finally showing a lift in activity but it is too early to be sure that the better performance will be sustained and our tracking models are not pointing to any significant imminent upturn in the pace of expansion.”