Would a Growth Slowdown in Emerging Markets Spill Over to High‑income Countries?: A Quantitative Assessment
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Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances make some EMEs vulnerable to sudden reversals in capital flows while exceptionally rapid credit expansions, as...
