IMF: Despite U.S. Fed tapering, emerging markets to lead global growth

09/12/2013 | Xinhuanet.com (China)

Emerging markets are likely to account for 80% of global growth in coming years despite expected turmoil as the U.S. Federal Reserve tapers its recent stimulus, according to the International Monetary Fund. IMF Deputy Managing Director Zhu Min said the expected Fed move, while disruptive, is unlikely to lead to a crisis that would materially impair growth prospects in the emerging world.

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Xinhuanet.com (China)

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