Reasonable outlook for Aussie economy û war excluded

AMP Henderson''s head of strategy, Dr Shane Oliver, says Australia can look forward to stable growth in 2003. But Telstra 3 wonÆt be sold and all bets are off if the US goes to war with Iraq.

Dr Shane Oliver, head of strategy and chief economist for AMP Henderson, says 2003 will bring stable interest rates, a stronger Aussie dollar, better stock performance and solid corporate profits. But Telstra 3 won't be sold and all bets are off if the US goes to war with Iraq.

What is your interest rate outlook for Australia this year

It is predicated on what is happening globally. The Reserve Bank will be encouraged to leave rates where they are for the first six months, but as growth starts to accelerate in the second half there will probably be pressure to raise them again.

Did the experiment of raising rates...

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