Column-After dire decade, Emerging Markets face Fed liftoff again: Mike Dolan

[ASFN Admin]

Whether emerging economies have already done enough to pre-empt the global central bank tightening cycle may dictate whether investors in them can escape yet another dire decade. With everyone braced for the U.S. Federal Reserve's first post-pandemic interest rate rise next month, clouds appear to be gathering over emerging economies once again. The prospect of a rising U.S. Treasury yields and appreciating dollar is typically a twin torture for governments and companies heavily borrowed in greenbacks - an exposure few in the developing world have been able to shake.

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