Please click the link below to view Shane Oliver’s views on global growth and returns.
Key points raised are :
- Global growth is looking healthier as easy monetary policy gets traction, fiscal austerity has come to an end and memories of the GFC fade.
- This should underpin profits and share markets but see a resumption of a gradual rising trend in bond yields.
- Stronger global growth is positive for Australia and supports the case for the RBA to remain on hold. But with underlying inflationary pressures remaining very low and underemployment very high a rate hike is unlikely until the second half of next year.
