: It could be viewed as the GFC being officially over, according to Nine News Australia. Other economists have gone cold on the idea of an imminent move given concerns over the Chinese economy. All eyes are on the US Federal Reserve - its two-day meeting will conclude in the early hours of Friday . Markets expect the central bank of the world largest economy to flag its first interest rate raise since the 2008-09 global financial crisis."We anticipate the most likely timing of that move will in fact be at this meeting ... which potentially will see some more volatility in global markets," Westpac senior economist Andrew Hanlan told reporters in Canberra on Thursday. A new report by the Organisation for Economic Cooperation and Development warns global growth prospects have weakened in recent months. Reserve Bank governor Glenn Stevens will be questioned on the implications for Australia - from both the actions of the Federal Reserve and China outlook - when he faces the House of Representatives economics committee on Friday. It says the slowdown in Chinese demand is significant, especially for countries with a big exposure.
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