World Bank Warns about Emerging Market Growth Stalling

A perfect storm is brewing this summer for emerging markets, and it could hit hard in September.

After years of impressive growth, countries like China and Brazil face steeper challenges this year, World Bank President Jim Yong Kim said in a report released Wednesday.

“Developing countries were an engine of global growth following the financial crisis,” Kim said. “Now they face a more difficult economic environment.”

The World Bank isn’t the only organization expressing concern. The Federal Reserve debated the negative affect of a Fed rate hike on emerging markets at its last meeting. Concern is rising.

via CNN

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza