Emerging World Loses Growth Lead
August 12, 2013 Leave a comment
August 11, 2013, 9:46 p.m. ET
Emerging World Loses Growth Lead
Global-Trade Decline Dulls Developing Markets as Outlook Brightens in More-Established Economies
ALEX FRANGOS in Hong Kong, SUDEEP REDDY in Washington, and JOHN LYONS in São Paulo
Momentum in the global economy is shifting to the developed world, away from the emerging economies that had led growth since the financial crisis. For the first time since mid-2007, the advanced economies, including Japan, the U.S. and Europe, together are contributing more to growth in the $74 trillion global economy than the emerging nations, including China, India and Brazil, according to an estimate by investment firm Bridgewater Associates LP. The turnabout may reshape world capital flows and upend forecasts that corporations had built around ebullient hopes for emerging markets. Read more of this post
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