Emerging Markets May Have Squandered the Rock-Bottom Rates Era
- Cheap borrowing costs not used to ramp up investment, IIF says
- Growth shifted toward consumption, which tends to be weaker
This article is for subscribers only.
You don’t know what you’ve got til it’s gone.
That’s the message for emerging markets, which have missed the opportunities thrown up by the period of historically low global interests that now appears to be coming to an end, according to the Institute of International Finance, a Washington-based non-profit that advises banks and hedge funds