One sector that has proved surprisingly resilient to the credit crisis is emerging markets, but there will inevitably be some contagion for investors to contend with. The question is, how much?
Arnab Das, Head of emerging markets and FX research, Dresdner Kleinwort, London
There can be no decoupling in a world of globalisation: the US slide into recession will hit world export growth, on top of financial contagion. In the last three decades, there’s been no US recession that the EU didn’t sh