Global next year or usher rate hike cycle

As the world economy recovers more than expected and Australia takes the lead in raising interest rates, there is growing concern about inflation in post-crisis times.　　The industry is expected to usher in a global interest rate hike next year. Investors are now paying close attention to the U.S. third-quarter GDP figures released in Thursday. The US economic slowdown narrowed to 1% in the two quarter, boosted by a rebound in export trade and fiscal stimulus, and the agency predicted that its third-quarter GDP growth could rise to 3% or even higher, with the likelihood of positive growth in the three or four quarter to be high, with the euro zone's two-quarter economic downturn 0.1% and the slowdown　　The market had great confidence in its gradual resumption of growth in 2010, and by the rise in exports and private consumption, the Japanese economy achieved a positive 0.9% per cent growth in the second quarter, indicating that its worst period was over. "Emerging market countries are relatively vulnerable to the crisis, with faster recoveries and more inflationary pressures than developed countries," he said.　　Zhang Bichong, a professor of Central finance, says that for emerging-market countries, interest rates may be raised before the developed world. And Societe Generale senior economist Lu Commissar also made the United States will start in the middle of next year's first rate hike, other developed countries to judge the subsequent rate hike.