Australia’s Ambassador to the United States, Arthur Sinodinos, has hosed down concerns about a global economic slowdown.
Mr Sinodinos was speaking at News Corp’s Beyond 23 conference.
At the conference Mr Sinodinos said although he thinks there will “be a slowdown,” he is confident in the “bullish” nature of the US economy.
“Obviously, there’ll be slowdowns because interest rates are going up,” the Ambassador said.
“There will be an adjustment (to rising interest rates), but I’m actually quite bullish about the US economy in that sort of medium term sense.”
Source: The Australian.
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