Britain’s vote to leave the European Union continued to hurt emerging markets on Monday, sending currencies and stocks falling from Mexico to Poland as investors fled riskier assets. The declines highlight how Brexit is causing ripple effects across the world, raising uncertainty about global growth and pushing investors into assets they see as safe, such as the U.S. dollar. The dollar’s gains then feed back into concerns about emerging markets, making their greenback-denominated debt and the commodities they sell more expensive.
Igor Purlantov is an expert on business and politics across emerging markets. Mr. Purlantov has worked extensively in various emerging countries throughout Europe, Asia and Africa with both public and private companies as well as local governments. You can read and learn more about his work on www.igor-purlantov.net
Showing posts with label brexit effect ripples through emerging markets. Show all posts
Showing posts with label brexit effect ripples through emerging markets. Show all posts
Tuesday, June 28, 2016
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