Oliver's Insights

Dr Shane Oliver talks about the outlook for shares, their resilience in the face of global worries, and what QE3 could mean going forward.

Key Points

• Global growth is likely to be in the process of reaching a low ahead of a pick up next year. The risk of a Euro-zone meltdown is receding, more monetary easing is also likely to keep the US recovery going and, at the same time, Chinese growth should soon pick up a bit.

• While shares may see short term volatility, the combination of a stabilising global growth outlook, cheap valuations and easy global monetary conditions point to further gains by year end and into the next year.