Q&A: Can Emerging Economies Still Power a Global Recovery?
March 2, 2012
The great recession of 2007-09 has left permanent scars, the global recovery has lost steam, and policy makers around the world are struggling to restore stability and confidence. The remarkable role that emerging markets have played as engines of global recovery is no longer certain. While the 5.4 percent growth predicted for developing countries in 2012 is still high compared with the 1.4 percent expected for high-income countries, this is down almost two percentage points in just two years.