Please click on the link below to view Shane Oliver's review of 2016 and outlook for 2017.

Key points raised are:

• 2016 started badly for investors with worries about global growth and deflation.  But global growth turned out okay and despite political events, rising bond yields and disappointing Australian growth, the end result has been a constrained year for diversified investors.
• 2017 is likely to see another year of okay and maybe even slightly higher global growth, higher inflation, higher bond yields after a pause and divergent monetary conditions as the US Fed tightens, but other countries stay easy.  The RBA is likely to cut rate to 1.25%.
• Most growth assets, including shares are likely to trend higher, resulting in reasonable returns in 2017.