Populism in U.S., Europe threatens emerging markets - World Bank official



The biggest threat to emerging markets growth in coming years could come from the rise of populism and isolationism in developed countries, a World Bank official said on Tuesday.
If such sentiment continues to proliferate in the United States, Europe and elsewhere, it would negatively impact trade and transmission mechanisms in emerging market economies, many of which are heavily dependent on exports, said Axel Peuker, director for the financial advisory and banking department at the World Bank.
And as developed market political leaders pull away from globalization it could catalyze similar... read more

 
18 October 2016 in Business, Views: 35
Source: Reuters
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