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Arab unrest: fin sector cos to re-assess risks
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SME Times News Bureau | 14 Mar, 2011
Against the backdrop of rising political turmoil in the Middle East and North Africa, Indian financial sector players are likely to re-assess political risks in emerging markets, a report has revealed.
"In the long term, banks, insurance companies and businesses are likely to re-assess and re-price political risk in emerging markets," the Dun & Bradstreet report was quoted by a news agency.
In the wake of uprisings in Tunisia, Egypt and Libya, the credit and insurance costs are expected to climb not only in MENA (Middle East and North Africa) but "also in other unstable and/or authoritarian countries", the report added.
Meanwhile, the report said, emerging markets such as India and China are leading the global economic recovery, whereas most of the developed nations are witnessing sluggish growth prospects.
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