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What if emerging markets dodge the default wave?

Emerging markets are under pressure from rising debt, slowing growth, and soaring yields. Sri Lanka has already joined the ranks of Lebanon and Zambia with an historic failure to pay. But the panic may be overdone. Our model shows that risks concentrate in small economies, and that most big developing countries will likely remain immune even if pressure on frontier
United States El Salvador Republic Of Sri Lanka Michael Owyang Michael Mccracken

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