World Bank Warns about Emerging Market Growth Stalling

June 11, 2015 Share Print 0

A perfect storm is brewing this summer for emerging markets, and it could hit hard in September.

After years of impressive growth, countries like China and Brazil face steeper challenges this year, World Bank President Jim Yong Kim said in a report released Wednesday.

“Developing countries were an engine of global growth following the financial crisis,” Kim said. “Now they face a more difficult economic environment.”

The World Bank isn’t the only organization expressing concern. The Federal Reserve debated the negative affect of a Fed rate hike on emerging markets at its last meeting. Concern is rising.

via CNN

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.