Andrew Bartels, Vice President and Principal Analyst at Forrester Research believes the US downgrade will have a significant psychological impact on the global business environment, especially, the IT sector. IT stocks have suffered the maximum since the downgrade since they have about 60% exposure to the US market. They have also warned that the US and Europe are likely to see weak growth in 2011 and 2012.
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!
