IN 2013, THE world’s emerging markets had a case of the tapering blues. This year, the diagnosis is more complex.
The pendulum of global growth is swinging away from emerging markets to the U.S., and even to much-maligned Europe. The once-strong inflows of capital are slowing down. And years of superheated expansion have left some emerging markets with troubled economic fundamentals—on a broad measure those countries now import more…
View post: Get Ready for a Bumpy Ride
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