It shows you can't rely on another big jump in coal and iron ore prices to bail out the trade deficit.
More Quotes from Shane Oliver:
Our assessment is that Australian shares will continue to outperform mainstream global shares over the next year, thanks to a combination of higher dividend yields, slightly stronger earnings growth (helped of course by the resources sector) and franking credits.Shane Oliver
Developments in New Zealand are of little relevance to Australia, so won't have a lasting impact.
Shane Oliver
Based on the current level of bond yields and earnings fair value around 5 600 points, the dividend yield remains attractive compared to alternative investments.
Shane Oliver
We need other areas to fill the hole left by slowing consumer spending. Luckily mining investment and exports are increasing, which will help plug the gap.
Shane Oliver
The China growth story, which has been driving commodity prices, remains as strong as ever,
Shane Oliver
Exports probably would have improved a little bit but not much, so it's really just a continuation of the past - we're not looking for a dramatic change.
Shane Oliver
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