We fell short of our Fall Fundraiser goal of 2,500 donations. Help us catch up ⏩ Give Now
World Bank

Emerging markets less ready for recession than before the global financial crisis — report

Kimberly Adams Nov 20, 2019
HTML EMBED:
COPY
Win McNamee/Getty Images
World Bank

Emerging markets less ready for recession than before the global financial crisis — report

Kimberly Adams Nov 20, 2019
Win McNamee/Getty Images
HTML EMBED:
COPY

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.

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.