By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, 27 March 2018

Key points

  • Australian growth is likely to be weak over the next year or so and this will prompt further monetary easing and fiscal stimulus.
  • However, several positives suggest recession is unlikely:
    • the current account deficit has collapsed;
    • the $A helps stabilise the economy;
    • the drag from falling mining investment is over;
    • there is scope for extra fiscal stimulus;
    • infrastructure spending is booming;
    • there has been no sign of panic property selling;
    • economic policy remains sensible;
    • population growth remains strong;
    • and the RBA can still do more

Read the full article here.