Financial turmoil 'will last for years'
04-12-2008
A member of the government's task force on the economy has warned that it will take years for financial markets to recover from the current turmoil. The head of Morgan Stanley Asia, Stephen Roach, was speaking at the Clinton Global Initiative conference being held in Hong Kong. Mr Roach says the reliance of Asian economies on exports to developed countries means they'll need a boost in consumption to fight an economic slowdown.
