NEWS
Australia is more reliable than Switzerland
Switzerland and Japan have been knocked out of the ranks of the world’s 10 safest issuers of sovereign bonds by Australia and New Zealand, whose economies are benefiting from rising commodity prices and consumer demand.
Australia’s central bank should continue to lead the world in raising interest rates as its economic growth outpaces most other countries, the Organization for Economic Cooperation and Development said in its semi-annual economic outlook released yesterday in Paris.
Source: Bloomberg
Published: 21 November 2009
