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
