If we look back at the last global crisis, emerging markets actually recovered from the 2008 global financial crisis relatively unscathed. Economists at Morgan Stanley believe 2020 will be different, at least for three reasons. Key quotes “The starting situation is weaker now than in 2008. In many emerging markets, vulnerabilities such as public debt and current account deficits are much higher.” “China was able to keep economic growth above 9 percent in the aftermath of the 2008 crisis. But now China will be lucky to achieve even half that growth in 2020. This will inevitably translate into lower demand for goods and inputs supplied by other emerging markets.” “Lower oil prices are obviously bad news for net oil exporters. But even for the vast majority of emerging markets that are net importers, a lower price may not help much.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold holds weaker below $1700 mark amid risk-on mood, stronger USD FX Street 2 years If we look back at the last global crisis, emerging markets actually recovered from the 2008 global financial crisis relatively unscathed. Economists at Morgan Stanley believe 2020 will be different, at least for three reasons. Key quotes “The starting situation is weaker now than in 2008. In many emerging markets, vulnerabilities such as public debt and current account deficits are much higher.” “China was able to keep economic growth above 9 percent in the aftermath of the 2008 crisis. But now China will be lucky to achieve even half that growth in 2020. This will inevitably translate into lower demand… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
