The Economic & Market Outlook presents MDU Capital’s forward-looking assessment of macroeconomic conditions and financial market trends over the short- to medium-term. Drawing on domestic and global economic indicators, monetary and fiscal policy signals, and financial market dynamics, we translate complex macro developments into clear investment implications. Our outlooks are grounded in structured research frameworks that connect economic cycles to asset class behaviour. This report underscores our conviction that successful investment management begins with anticipating change, not reacting to it, and that robust macro insight is essential to navigating uncertainty in emerging and global markets.