Reasons for optimism for the Australian economy

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

Key points raised are :

  • The mostly gloomy debate around the Australian economy often gives the impression we are in a constant state of crisis.
  • However economic growth is pretty good.
    • the economy has rebalanced with the inevitable recession
    • the worst of the mining bust looks to be behind us
    • public infrastructure spending is ramping up
    • consumer and business confidence are around long term averages
    • share market profits have likely bottomed and
    • Australia stacks up well on social considerations