A much-feared emerging markets crisis didn ’t happen. Is the global economy off the hook?

When the U.S. sneezes the world economy catches a cold. Last year, the old adage aptly captured widespread concern about an emerging markets (EM) crisis after the Fed started to raise rates at the fastest pace in 40 years. Large stimulus had delivered an enviable U.S. recovery but also contributed…#em #latinamerican #paulvolckers #alangreenspan #latinamerica #easterneurope #srilanka #pakistan #zambia #asianfinancialcrisis
Source: Reuters: Health - Category: Consumer Health News Source Type: news