Market Quote : Concerns over the global economic slowdown accelerated further Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 26 July 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Concerns over the global economic slowdown accelerated further as global corporate majors continued their trend of downgrading future estimates. The Fed’s meeting commencing today, which is expected to maintain its aggressive rate hike of 75 bps, weighed on recession fears, especially in western markets. Even though the domestic market is showcasing strength, the spillover effect from the western market is inevitable"
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