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Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign exchange reserves, sound fiscal positions, and low...
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cyclical pattern. Over that cycle, world asset prices, leverage, and capital flows move in concert with global growth …
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). -- World economic performance over the last 50 years has been spectacular. The post-war period has witnessed impressive growth …
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