Are emerging economies on the verge of another “lost decade”?
Rising interest rates, inflation and geopolitics are a toxic mix
EMERGING ECONOMIES hoping to grow their way into the ranks of the rich have faced a seemingly never-ending series of setbacks in recent years. Trade tensions, a pandemic, supply-chain snarls, inflation and war have together dealt them serious blows. Over the past three years more than half the population of the emerging world lived in countries where income growth, in purchasing-power-parity terms, lagged behind that in America—the first such episode since the 1980s.
This article appeared in the Finance & economics section of the print edition under the headline “Running out of juice”
Finance & economics April 30th 2022
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- Slow pain or fast pain? The implications of low investment yields
- Russia cuts off gas to two European countries. Who’s next?
- A divergence in consumer surveys adds to recession worries for America
- Vast sums of money have gone missing from pandemic stimulus programmes
- How would an energy embargo affect Germany’s economy?
From the April 30th 2022 edition
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