Please clieck here to view Shane Oliver's thoughts on why Australia will avoid a recession. 

Key points raised are: 

• President Trump’s trade war poses a threat to Australian economic growth particularly via the indirect impact of weaker global activity driving less demand for our exports and lower commodity prices.
• Australia is likely to avoid a recession though reflecting the shock absorber of a lower $A, plenty of scope to cut interest rates and election promises pointing to handouts ahead.
• The trade war has a way to go yet but at least Trump is starting to blink.