Emerging markets less ready for recession than before the global financial crisis — report
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A report released today by the World Bank shows developing nations are more exposed to the downside risks facing the global economy than they were before the financial crisis a decade ago.
World Bank researchers found many of these countries entered the recession with low deficits and manageable debt, and were able to take advantage of a flood of low-interest investment dollars targeted at emerging markets in recent years. But as the global economy slows, many are still in debt and have few economic tools to counter another downturn.
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