Please click the link below to view Shane Oliver's views on why Australia should be able to avoid a recession.

Key points raised are:

• The combination of cost of living pressures, sharp interest rate hikes and a global downturn point to a sharp slowing in the Australian economy next year.
• However there are several reasons why Australia should be able to avoid a recession
  • the business investement outlook is solid
  • there is a large pipeline of homebuilding work
  • high energy prices boost national income
  • the Australian dollar will fall if the global economy gets too weak
  • immigration is rebounding
  • inflation may be less of a problem in Australia and
  • the RBA has moved into the more cautious lane on rate hikes