SouthViews No. 31, 12 September 2012
Global slowdown hits developing countries
By Martin Khor
Developing countries are increasingly being adversely affected by the economic recession in Europe and the slowdown in the United States.
The hope that major emerging economies like China, India and Brazil would continue to have robust growth, de-coupling from Western economies and becoming an alternative engine of global growth has been dashed by recent data showing that they are themselves weakening.
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This article was tagged: Brazil, China, Economic Crisis, Economic Recession, Economics, Financial Conditions, India, Recession