Emerging markets still risk crisis
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.HE RISK of a fresh financial crisis in emerging markets remains far higher than normal according to Goldman Sachs, the investment bank.
In a new analysis it puts the probability of a crisis at nearly one in six, with the Czech Republic, Taiwan, Turkey and Venezuela among the countries most at risk. However, it foresees a no more than normal risk of crisis in China, which many analysts have feared will be the next market to fall victim to the continuing global turmoil.
In addition, the 16 per cent probability of a currency crisis, while above the normal 9 per cent, is down from its dangerous peak at the end of 1998. This had been elevated by the risks in Brazil, which duly proved correct.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments