Emerging markets dragged down in 2016 – Report
World Bank president Jim Yong Kim says low commodity prices have cut into hopes of a resurgence in emerging economies [Xinhua]
Initial hopes that emerging markets could once again be lucrative to international investors appear to be fading, a new report on the global economy said on Tuesday.
The drastic drop in commodity prices, including oil prices that are 70 per cent lower now than the same period two years ago, has set back efforts by emerging markets to regain the momentum they once had just five years ago.