In an interview to CNBC-TV18, Geoff Lewis, Global Strategist-Capital Markets Group of Manulife Asset Management shared his views and readings on the Republican Tax Bill.
The US Senate passes the Republican Tax Bill which will be reconciled with the version passed by the house. The bill was passed in a close 51-49 vote late on Friday night.
In an interview to CNBC-TV18, Geoff Lewis, Global Strategist-Capital Markets Group of Manulife Asset Management shared his views and readings on the same.
Lewis said tax cut bill is a positive for the US stock market. It will add 0.3-0.4 percent to the US gross domestic product (GDP) growth in 2018.
According to him, US reflation is good for the global economy.
Talking about India, he said there have been some concerns over higher oil prices that tend to impact India a bit more than the other emerging markets.
He further said that there have been some hiccups following the introduction of the goods and services tax (GST), but that is pretty much short-term. Therefore, we are not thinking that there has been significant deterioration in the fundamentals for India, he added.
Watch accompanying video for more details.
