The turbulence experienced in
emerging markets early this year is insufficient to derail a recovery in
the global economy, which could strengthen during 2014, Germany's
Bundesbank said on Monday. Currencies
in Turkey, South Africa, Hungary and Russia suffered major sell-offs
over the past month before recovering slightly after central banks
fought back via interest rate hikes or exchange rate interventions.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.