Jim Walker, the MD of Asianomics, in an interview on CNBC-TV18 says European tensions are only likely to escalate henceforth with no relief in sight. Along with the situation in the Middle East North Africa (MENA) region, he also expresses concern over the financial stability and the economic growth of the eurozone.
His outlook on India isn't rosy either. While he still looks at India as one of the best prospects among the emerging markets for a long-term return in equity for any investor, for the moment he remains cautious on our economy. His call on emerging markets is guarded as well, at least for a few months. Expecting more downside in the near-term, he says additional tightening is to be expected from emerging economies. Below is a verbatim transcript of his interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
