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The Aussie Economy In 2010

The AMP’s Chief Economist, Dr Shane Oliver believes the Australian economy is set to grow by around 4% through this year, reflecting the lagged impact of monetary and fiscal stimulus, high levels of business and consumer confidence, the rebound in wealth and higher export prices.

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Diary

Greece, US earnings, the weakening euro and a Chinese tightening will all play a part in the markets this week, along with the flow of Australian interim earnings and more speculation about interest rates.

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BHP Does Well

It might have been the weakest first half profit in four years, but BHP Billiton did better than analysts had forecast, nudged its US dollar denominated dividend a touch higher and made the right cautious noises about the chances of a sustained global recovery.

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