The political crisis in Washington that saw a 16-day partial US government shutdown damaged the perception of the US government`s redibility abroad, analysts say, prompting fears that China may reassess its investment in US Treasurys.
India`s beleaguered economy has been in the spotlight in recent months, amid a dramatic decline in the rupee, which has fallen nearly 19 percent against the dollar this year.
Recent bearishness surrounding China`s growth is just another "false alarm" and investors are focusing on the wrong data points to assess the outlook for the world`s second biggest economy, said well-known economist Stephen Roach.
Speaking about the Chinese economy Stephen Roach, Former Chairman of Morgan Stanley Asia said the Chinese economy slowed to 7.6% which is down a little more than 4 points from the growth rate of 2 years, when compared to the period of 2008-09.
Stephen Roach, senior fellow at Yale and former non-executive chairman of Morgan Stanley Asia spoke to CNBC-TV18 about the global environment and initiatives of the US Federal Reserve to boost growth
Stephen Roach, former chairman of Morgan Stanley Asia says that the lack of consumer demand is hurting US economy and remains worried about the prospects of growth in the region.
Stephen Roach, former non-executive chairman, Morgan Stanley Asia says he is still unprepared to give the US economy a green light.
The worry over China is exaggerated and the actual concerns in Asia must be on India's slowing economy, says Stephen Roach of Morgan Stanley.
Seeing more weakness in global economic activities, Stephen Roach, non-executive chairman of Morgan Stanley Asia said he feared a recessionary relapse in the US over the next six to nine months.
Global markets are not doing well and experts feel that the crisis is not over yet. Experts feel that one should learn to live with the pain as the bleeding is going to last long now.
Rising crude oil prices, sovereign debt issues in Europe, problems in the Middle East, and the latest earthquake and nuclear destruction in Japan, all are worrisome developments and would impact the global economy that is just coming out of the worst recession since 1930s, says Stephen Roach of Morgan Stanley.