Emerging Markets Lost $735 Billion in 2015, More to Go, IIF Says
- More than 90 percent of the outflows were from China
- Think tank sees $348 billion exiting developing world in 2016
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Global investors and companies pulled $735 billion out of emerging markets in 2015, the worst capital flight in at least 15 years, the Institute of International Finance said.
The amount was almost seven times bigger than what was recorded in 2014, the Washington-based think tank said in a report on Wednesday. China was the biggest loser, with $676 billion leaving its markets. The IIF predicted investors may withdraw $348 billion from developing countries this year.