Shane Oliver Start Quotations

Global share markets appear to have entered a period of correction after most markets had a fairly strong start to the year.

It's consistent with an economy that's starting to pull back up in Korea, with a bit of consumer demand starting to come through again. I would expect the unemployment rate will start to decline and will fall further.

Our assessment is that house prices may have a bounce but this is unlikely to mark the start of a sustained recovery.

U.S. interest rates are pretty close to the top. By year- end it is quite likely the Fed will be shifting toward easing monetary policy and investors will be starting to wonder about a renewed widening in the Australian and U.S. interest-rate gap.