A slow slowdown
There are signs of a slowdown emerging in various parts of the world, but it’s taking time. NAB’s Ken Crompton talks through the data and looks ahead to US CPI, the RBNZ and BoC today.
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Show Notes
Wednesday 12th July 2023
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Some parts of the world are showing clear signs of an economic slowdown. Like, Europe, where the latest ZEW survey shows a deteriorating outlook. In the UK unemployment rose more than expected yesterday, but so did wages. And, as Ken Crompton explains, yesterday’s NAB Business Survey show’s there’s still resilience in the Australian economy, something that RBA Governor Philip Lowe will no doubt talk about in his lunchtime address today. But all eyes will be on the latest CPI numbers for the US tonight, along with rate decisions by the RBNZ and the Bank of Canada.
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