Sputtering Emerging Markets Threaten Next Global Deflation Shock
The momentum is fading.
The financial district, left, is seen in this aerial photograph taken in Sao Paulo, Brazil, on Thursday, Aug. 29, 2013.
Paulo Fridman/BloombergThis article is for subscribers only.
The cooling of emerging markets runs the risk of chilling the global economy.
The world’s growth engines after the 2008 financial crisis, emerging markets are losing momentum as manufacturing in China contracts and recessions loom in Brazil and Russia.