Emerging-Market Resilience
As a group, emerging-market economies have been negatively affected by the recent downturn in developed countries. But they will remain an important global growth engine, even as the developed economies experience an extended period of below-trend growth.
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NEW YORK – With most of the world focused on economic instability and anemic growth in the advanced countries, developing countries, with the possible exception of China, have received relatively little attention. But, as a group, emerging-market economies have been negatively affected by the recent downturn in developed countries. Can they rebound on their own?