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Growth slowing in emerging markets- Growth slowing in emerging markets
- July 12, 2012
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The HSBC Emerging Markets Index shows two-speed growth as China and Brazil lag behind India and Russia, and uncertainty holds back employment.
Ongoing uncertainty in the eurozone, combined with low levels of US activity and a slowdown in non-eurozone countries have all had a flattening effect on the Q2 Emerging Markets Index (EMI) figures. While the rate of expansion was solid, it was weaker than the average for the past three years, and of the 'big four' emerging markets Brazil and China are expanding more slowly than Russia and India.
Murat Ulgen, HSBC's chief economist for Central and Eastern Europe and sub-Saharan Africa, said, ... - View more at: http://www.1888pressrelease.com/growth-slowing-in-emerging-markets-pr-409572.html