Please click the link below to view Shane Oliver's views on why recession is unlikely in Australia

Key points raised are : 

• Australian growth is likely to remain weak over the next year.  Expect further monetary and fiscal stimulus.
• However while the risks have gone up recession remains unlikely.
  • Tax cuts should help growth in the current half year
  • The threat from falling property prices has reduced
  • Infrastructure spending is booming
  • The low Australian dollar is helping growth
  • The drag from falling mining investment is over
  • The current account is in surplus
  • There is scope for extra fiscal stimulus
  • Population growth remains strong
  • Cyclical spending is low