Fear of 'Lehman Moment' Curbs Emerging Market Enthusiasm

Playing for Change: Peace Through Music (Photo credit: Renegade98)

The unresolved euro zone crisis, slowing growth prospects and currency depreciations have created a risk-off environment that makes investors think twice about emerging markets, Pablo Goldberg, Global Head of Emerging Markets Research at HSBC told CNBC's "Squawk Box Europe".

"We're [seeing that] investors are revising their outlook for growth for these big economies. It's not only about Brazil, it's not only about India but also in China. Investors are thinking it [the growth rate] over," he said.

The global economic crisis has been taking its toll on emerging markets with currencies declining on weaker growth prospects. India, a member of the BRIC bloc which also comprises Brazil, Russia and China, announced a series of measures on Monday to increase and retain foreign capital flows in the country and its central bank has said it will take further action to stop the slide of the rupee.... Continue to read.

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