Developing countries
Developing Country Growth Resilient in the Face of Financial Turmoil and Soaring Food and Energy Prices
By admin - Posted on June 10th, 2008
Despite volatility, rise of foreign banks in developing countries holds promise
CAPE TOWN, South Africa, June 10, 2008 - In the wake of financial turmoil in high income countries and amidst high food and energy prices, developing countries' growth is easing but is still robust.
Bourke's Luck Potholes, Blyde River, South Africa: Photo by Pet_r (CC)
Private capital flows to emerging markets, which hit a record $1 trillion in 2007, are expected to drop to around $800 billion by 2009, which would still be the second highest level ever, says a new World Bank report. » read more »
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