“I don’t personally think that this outbreak will slow global growth too much, since it doesn’t stem from a credit crunch per se. But it’s inevitable that economic activities will be hindered given the declines in asset prices. Should oil prices remain low like now, the Indian rupee will be among those that look attractive. Those with higher real rates will have room to ease further and that will spur hopes for further declines in yield. The biggest positive of all is that China is actually starting to show some signs of recovery.”
--With assistance from Cormac Mullen, Lilian Karunungan, Min Jeong Lee and Abhishek Vishnoi.
This article was provided by Bloomberg News.