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Published on: Friday, May 08, 2009

 April retail sales in the USA were up 1.2% on the same month a year ago. Meanwhile, the fall in unemployment in Australia does not mean we have beaten the recession but it means the doomsday merchants have been exaggerating how bad things are. Highly respected economist, Shane Oliver of AMP has pulled back his unemployment forecast from 9% to 8% and that is a great sign!


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