Economics
CLSA: The Emerging Market Slowdown Is About to Hit the Developed World
Emerging markets have been a huge component of global growth.
If Thailand sneezes, does the world catch a cold?
Photographer: Dario Pignatelli/BloombergThis article is for subscribers only.
Turmoil in emerging markets has so far been relatively contained.
Unfortunately, CLSA, an institutional brokerage arm of China's Citic Securities, thinks that is about to change.