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September 6, 2018

Why are emerging markets in turmoil?

  • Here's a look at some of the causes and potential consequences.
    Associated Press

    LONDON — Argentine families are trying to cope with 30 percent inflation. Companies in Turkey face bankruptcy if they can't pay off soaring debt costs. And investors who bet on emerging markets will be deep in the red this year.

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

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