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.
More Quotes from Shane Oliver:
The bank is concerned about inflationary pressure in the economy given the strength in the global economy and higher commodity prices. It will be a knock on the head for both retail and housing.Shane Oliver
Our assessment remains that Australian shares will continue to outperform mainstream global shares thanks to a combination of higher dividend yields and slightly stronger earnings growth.
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
Asian stocks have completely turned themselves around the past decade, and they're going higher.
Shane Oliver
An upside risk for Australian shares though is that a bubble forms on the back of enthusiasm for China and resources stocks.
Shane Oliver
Rising fuel prices will keep a lid on consumer spending for some time, slowing economic growth. The central bank will keep interest rates on hold.
Shane Oliver
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