As Risks Rain Down on Emerging Markets, Unrest Rises

When global economy-watchers talk about the outlook for so-called emerging markets these days, they’re kicking around some alarming terms: They see a toxic cocktail of risks, warn of a train wreck and are braced for a potential cascade of disasters. It’s the fallout from a mix of external shocks and mounting financial troubles washing over low- and middle-income countries, creating perhaps the biggest confluence of challenges since the 1990s, when a series of rolling crises sank economies and to

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