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By: Economic & Finance Report

Emerging markets are distressed especially as commodities are taking hits in more way then one way, and an increasing dollar has devalued currency, in which nations that depend on them have had  to engage their federal banking system to step in and mitigate the hemorrhaging. 

For example, Brazil’s decade high inflation and recession, Nigeria, Venezuela declining oil prices. In Russia many people are switching to US currency to hedge against the railing of the Russian Ruble. Also the Gulf which is seeing catastrophic impact as oil prices plunge immensely.

All these calamities are taking a toll on emerging markets entirely. The major question is when will the tide turn or at least halt. This remains to be seen. One thing for sure the capital that has outflowed from these emerging economies has definitely emerged and left a rippling effect to these economies as well.-SB

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