An investor monitors stock prices at a securities company in Hangzhou in China’s eastern Zhejiang province on October 18. Shares in Shanghai plunged almost 3 per cent that day as the yuan weakened and the Federal Reserve flagged more US interest rate hikes. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Despite the trade war and stock market gloom, a repeat of the 2008 financial crisis is not on the cards yet

  • David Brown says while markets appear to be blowing off steam, global growth has held steady, the US economy is doing well and China is still recording a 6.5 per cent expansion
  • Although the US Federal Reserve has raised interest rates, other central banks are alert to changing conditions that might call for more support

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An investor monitors stock prices at a securities company in Hangzhou in China’s eastern Zhejiang province on October 18. Shares in Shanghai plunged almost 3 per cent that day as the yuan weakened and the Federal Reserve flagged more US interest rate hikes. Photo: AFP
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