Strategist: Sovereign Debt Worries Will Last 10 Years

Wednesday, 01 Sep 2010 10:22 AM
By: Ellen Chang

The sovereign debt crisis will result in lower growth and interest rates for the next decade, said Andrew Milligan, the head of global strategy at Standard Life Investments in London.

“There are significant long-term risks from high levels of public debt sector debt. In particular, there are potential funding problems, crowding out effects and sovereign debt rating concerns for a decade to come,â€