March 4, 2020 / 6:12 AM / a month ago

BRIEF-Blackstone's Schwarzman Says Plan To Double IT-related Office Space In India - ET NOW

March 4 (Reuters) - Blackstone Group Inc CEO Stephen Schwarzman to ET NOW:

* ON CORONAVIRUS: “ALL PHARMA EXECS THAT I SPOKE TO SAID THERE WILL BE A VACCINE IN A YEAR OR SO”

* SAYS NOT LOOKING AT RECESSION DUE TO COVID-19 BUT SURE TO SEE GROWTH SLOWDOWN

* SAYS SLOW GROWTH AND HIGHER INFLATION ARE THE THINGS THAT INDIA NEEDS TO CORRECT

* SAYS PLAN TO DOUBLE IT RELATED OFFICE SPACE IN INDIA

* SAYS HAVE SEEN VERY LITTLE LOSSES IN INVESTMENTS AROUND THE WORLD Further company coverage:

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