(2010-08-24) Balance Sheets to be increasingly important in a multi-speed world recovery, says Rou
In a recent interview with Finance IQ*, Arnab Das, MD of Roubini Global Economics dis
“Even though all the regions of the world went down into the recession all at once because of the global crash of 2008, we think there’s this multi-speed emergence from the great recession because different countries face different balance sheet constraints, which impose different speed limits on the recovery. So those countries with the strongest balance sheet problems will have the weakest growth and visa versa.”
With specific regards to the Nordic region markets, Arnab is of the opinion that “with the Nordics, some of them suffered from being relatively small, but, on the other hand, their balance sheets are in much better shape than most of the rest of the Western world and, of course, Norway as an oil exporter is in relatively strong shape”. “Their main exposure in a way was towards Eastern Europe rather than the legacy of toxic assets held in latent securities from the US and the UK”.
About Us: *Note to editors: Finance IQ’s full interview with Arnab Das is now available in podcast or transcript format at www.nordicinvestorsforum.com, as well other complimentary learning resources.
Finance IQ provides news and strategic events across Europe, Asia, the US and the Middle East every year, educating almost 5,000 high-level executives annually. Our comprehensive face-to-face and online events provide an unbiased, specialist forum where you can discuss the issues most important to you.
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