Mexico and Colombia have now joined the “fragile five” grouping of emerging market (EM) economies, replacing India and Brazil, according to JPMorgan, the Financial Times (FT) reports. The two Latin American nations will now join Turkey, South Africa, and Indonesia to form the group of EM countries seen as the most overdependent on volatile foreign investment flows. In August 2013, as … Continue reading
By Etienne Lepers While Turkey – with its ceaselessly falling currency – is struggling with the same global forces as other emerging markets, an internal struggle between President Erdoğan, Central Bank Govenor Erdem and deputy PM for the economy Ali Babacan is undermining Turkish economic vitality. Interest and currency rates have become subject to inter-departmental feuding generating significant financial uncertainty. Over the … Continue reading