Chris Williamson, chief economist, Markit Economics explains to CNBC-TV18 that though manufacturing in the US and other economies has begun to show improvement, the positive effect is being nullified by the weakness in the eurozone and Japan.
In an interview to CNBC-TV18, Rob Dobson of Markit Economics says that global markets are still quite someway off those really low levels. However, there is a much deeper rate of contraction being seen across the euro zone.