Friday, November 28, 2014

Europe's Crisis Goes Global

As economies throughout the post-2008 developed world slumped, emerging markets proved resilient. But now Europe’s sovereign-debt crisis is threatening to derail these countries' export-led growth, while credit rationing by distressed banks is fueling a trade-finance downturn, hindering the flow of goods in and out of poor countries. Will developing countries weather the storm?

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