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AP Explains: Financial turmoil in emerging markets

LONDON – Argentine people are endeavoring to contend with 30 % inflation. Companies in Turkey face bankruptcy should they can’t settle soaring debt costs. And investors who bet on emerging markets will be deep at a negative balance this coming year.

Financial turmoil has engulfed many developing countries this coming year as investors be worried about the impact of rising rates of interest and trade disputes on these fast-growing – but often fragile – economies.

 
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