The Australian Economy - looking beyond the gloom

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

The key messages are ;

While headline news regarding the economy has been bleak, December quarter GDP showed the economy is not collapsing and lower interest rates and the lower Australian dollar do seem to be boosting forward indicators for the economy.
As a result growth should pick up to around 3% by year end which should help profit growth continue to improve.
Improving growth but from a soft base is likely to see interest rates remain on hold for an extended period.

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