In developed economies, people are busy preparing for summer vacations as cases ease and vaccine orders soar
With protectionist trend emerging in developed economies, Finance Minister Arun Jaitley tonight warned that economies will become more inefficient and GDP will shrink if such a move were to impact trade and movement of goods and people.
Growth of steel will move at a slower pace due to China's slow down.
Mobius, who oversees around USD 47.3 billion in countries from China to Argentina, said that, compared with developed economies, emerging markets still have higher economic growth, growing foreign reserves and lower total debt relative to gross domestic product.
Compared with the size of the economy, foreign direct investment inflows into Japan are the lowest among the 34 developed nations grouped in the Organization for Economic Co-operation and Development (OECD).
Rabobank's Adrian Foster believes that we could get stuck in a slow growth period, but definitely not a recession.
OPEC cut its forecast for global oil demand growth this year as a worsening economic outlook curbs consumption in developed economies.
David Forrester, VP-Global Forex Strategy at Barclays Capital and Puru Saxena of Saxena Wealth Management spoke about the impact on the currency and commodities market, in the aftermath of the devastation in Japan’s twin calamities.
In an interview with CNBC-TV18, Paul Sheard, global chief economist and Prabhat Awasthi, head of India equity research & managing director from Nomura said that the emerging markets like India will continue to perform well. They think that the developed economies are still facing strong headwinds.