WASHINGTON – From Asia to Latin America, emerging economies are preparing for a global slowdown, indicating deep concern about the developed world as well as new-found room for manoeuvre at home.
Those who can, do.
While central banks in the United States, Europe and Japan are forced to look for ever more arcane ways to prop up their ailing economies, emerging markets are doing it the old-fashioned way.
On Tuesday Indonesias central bank became the latest country to unexpectedly cut interest rates in order to stimulate growth, following a similar move by Brazil.
Mexico is expected to follow with a similar rate cut – an option not open to many developed economies which already have interest rates near zero.cute girl sexy girl
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