Wednesday, January 11, 2012

Stephen Roach: Recession in Europe but Asia will weather the storm

Stephen Roach of Morgan Stanley Asia talks with Bloomberg about the European crisis and its effects on Asia.
"The Eurozone will be in recession at least for the first half of the year ... but the recession will be contained [i.e. mild]"
"If it is a very severe recession [he sees low odds of this], then it's a much tougher situation for China and the rest of Asia"
"China is in a much place better than India [lower inflation and low budget deficit]"

No comments:

Post a Comment