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Wednesday April 06, 01:21
«Peaked» growth of developing economies still vulnerable to weaker dollar
(by Olivia Cohen)
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Developing economies that faced the «peak» in 30 years in 2004, may still be vulnerable to weaker dollar and higher rates, according to the World Bank.
The World Bank’s Global Development Finance report said the fastest economic growth in 30 years came amid the strong global conditions and some changes in domestic policy. Global economic growth is now amounting for 6.6%.
China, India and Russia appeared to be the strongest developing economies in 2004, the report showed.
But further growth may be stemmed by the weaker dollar conditions and the US rate hikes, some analysts say.
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