Please click the link below to view Shane Oliver's views on the current state of the Australian economy.

Key points raised are:

• Australian economic growth remains weak at 2.5%
• Expect another one or two RBA cash rate cuts and the Australian dollar to fall to around $US0.70 by year end.
• Record low borrowing rates, the falling Australian dollar, lower fuel prices and rising wealth should help boost growth to 3% or just over next year.
• The recent profit reporting season was better than feared, but stronger economic growth will be needed to meet market expectations.