NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Tuesday, August 5, 2014
These 5 Emerging Markets are in real Trouble
Many emerging markets are in real trouble. The list includes India, Indonesia, Brazil, Turkey, and South Africa, dubbed the Fragile Five because all have twin fiscal and current account deficits, falling growth rates, above-target inflation, and political uncertainty from upcoming legislative or presidential elections this year.
But five other significant countries—Argentina, Venezuela, Ukraine, Hungary, and Thailand—are also vulnerable. Political and electoral risk can be found in all of them, loose fiscal policy in many of them, and rising external imbalances and sovereign risk in some of them.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics