Reversal In Global Macros
  • Elizabeth George
  • Aug 05 2013

August 5: Toral Munshi of Credit Suisse Wealth Management believes emerging markets will see weak flows in the near term as flows move towards developing markets. “However, if one looks at the recent numbers, emerging markets are seen growing at a better pace than developed markets,” she says. Growth slowdown, along with short-term repercussions of the currency, is bad news for India, she adds.