ScenarioEco - December 2015


Emerging Countries' Crisis: What are the consequences?

Emerging countries are slowing in the wake of China. Some of them, such as Brazil or Russia, are in recession. The causes differ, but this bout of weakness is more than cyclical: it reveals the flaws of growth models that are too dependent on commodity prices or on credit. The slowdown of emerging countries is unlikely break the recovery momentum of developed countries, but it could bridle it.

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