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Stephen Roach: EU not a threat to global recovery

07-06-2010 13:41 BJT

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The chairman of Morgan Stanley Asia also maintains an optimistic view towards the European economy. He says he isn't concerned that global economic recovery will be hindered by Europe's forecast of "zero growth".

Stephen Roach, Chairman of Morgan Stanley Asia said "I believe the growth rate of the European economy might reach 1 to 5 percent at the most, which means the zero growth is highly possible. But I think it a could only drag the world GDP down to 0.5 percent in maximum....."

Editor:Xiong Qu |Source: CCTV.com

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