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Article: Thumbs up for stocks.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Khia Mercer
Sep 23, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Citigroup is bullish about the outlook for the Australian sharemarket and the economy. Richard Schellbach of Citigroup forecasts that the benchmark S&P/ASX 200 will test the 5,500-point level by the end of 2010, and says shares are becoming increasingly attractive relative to other asset classes. Citigroup now expects GDP to grow by 2.75 per cent in 2010, compared with its previous forecast of ...