Eurozone, US Problems Hurting Emerging Economies : Pranab

Paris, Oct 14: Sovereign debt problems in Eurozone and slow recovery in the US are taking toll on the emerging economies, but the Indian economy may still clock over 8 per cent growth, Finance Minister Pranab Mukherjee said today.

“High sovereign debt of Eurozone and slow recovery of US and Japan are having adverse impact on emerging economies. Hardly any emerging economy has achieved double digit growth,” Mukherjee said. He is here to attend the G-20 ministerial meeting, ahead of the Cannes Summit in November.

Mukherjee was speaking to reporters after his bilateral meetings with French Finance Minister Francois Baroin and Australian Deputy Prime Minister Wayne Swan.

From: http://ping.fm/Ip6kZ