Should we forget about recession?
PMIs on Friday were much stronger than expected. NAB’s Tapas Strickland is asked if we should ignore those technical indicators suggesting a recession when economic data is telling a different story?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 24th April 2023
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Should we ignore the technical indicators? A recession seems even less likely after stronger than expected PMIs for the US and Europe on Friday. Phil asks NAB’s Tapas Strickland how central banks will respond to this, particularly if we see resilient employment costs and strong US and European GDP numbers this week. Locally, Australia’s inflation will attract the most attention. US earnings season is in full swing too, with some big tech names reporting tomorrow.
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