Economy: We can’t rely on emerging markets to get us through this

When the financial crisis began in 2007, it was presumed that emerging markets too would suffer. But while the developing world experienced a slowdown, and emerging Europe in particular was struck hard, by and large these countries’ economies proved resilient and recovered fast.

So much so that, over the past four years, Asia led by China and, to a lesser extent Latin America, have become the engines of global growth.

But those hoping that the emerging markets will continue to act as a panacea to the western world’s ills might be headed for disappointment.

While authorities in Europe and the US fight to stave off a double-dip recession and deflation, emerging markets’ policymakers are battling the opposite problems – overheating economies and runaway...

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EuromoneyFXNews.com

Euromoney’s 2012 FX survey results

Economy: We can’t rely on emerging markets to get us through this

When the financial crisis began in 2007, it was presumed that emerging markets too would suffer. But while the developing world experienced a slowdown, and emerging Europe in particular was struck hard, by and large these countries’ economies proved resilient and recovered fast.

You must be a trialist or subscriber to view this content

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Economy: We can’t rely on emerging markets to get us through this

When the financial crisis began in 2007, it was presumed that emerging markets too would suffer. But while the developing world experienced a slowdown, and emerging Europe in particular was struck hard, by and large these countries’ economies proved resilient and recovered fast.

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