First published: Prospectmagazine.co.uk, 12/10/2015
The economies of emerging countries are most at risk
The IMF didn’t say it as such at its annual meeting, held last week in Lima, Peru. Yet a rather sober economic outlook, accompanied by warnings of a greater likelihood of downside risks gave substance to a widely expressed fear that another global recession is lurking. The biggest concerns centre around emerging countries in general, and China in particular. Another global recession in a world of heightened political volatility, especially in the Middle East and on Europe’s borders, might have us running for the hills, but how likely is this?…Read more:
