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 Emerging markets hit by sluggish global trade- Emerging markets hit by sluggish global trade
- October 10, 2012
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HSBC's latest quarterly Emerging Markets Index finds the woes of the developed world hitting growth in other nations as manufacturing and service industries slow.
The EMI slipped to 52.1 from 53.2 in the second quarter, with the rate of emerging market growth at its weakest for a year.
Dr Murat Ulgen, HSBC's Chief Economist for Central and Eastern Europe and sub-Saharan Africa, said: "Emerging economies are being impacted by the misery of the developed world as the deteriorating global trade cycle, weaker external demand and falling new export orders hit manufacturing output and the services outlook. The loss of momentum also partly stems from domestic...
- View more at: http://www.1888pressrelease.com/emerging-markets-hit-by-sluggish-global-trade-pr-429527.html
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