HomeNewsBusinessMutual FundsExpect small stimulus to defend GDP growth in US: Churnside

Expect small stimulus to defend GDP growth in US: Churnside

According to James Chirnside, Managing Director-Research & Investments at Asia Pacific Asset Management the major problem in the US is the housing market, where the confidence is low. He further adds that low levels of GDP growth may see a stimulus package to the economy.

July 08, 2011 / 13:20 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Recent economic data released in the US has exceeded expectations. James Chirnside, Managing Director-Research & Investments at Asia Pacific Asset Management believes that this will not have a large impact on the S&P going forward. According to him, the major problem in the US is the housing market, where the confidence is low.

first published: Jul 8, 2011 08:52 am

Discover 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!