Emerging markets more resilient to coming US rate rises

Noted economist Nouriel Roubini explains why he thinks emerging market economies are better positioned to withstand the market turbulence caused by the impending U.S. rate rise. While those countries with large amounts of dollar-denominated debt and macroeconomic and political fragilities will have problems, many more emerging markets that have strong macro and structural fundamentals will be more resilient to the Fed’s rate hikes.

Read more at Business Day…

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