London, September 17: The recovery in emerging markets is likely to be weak and growth will remain limited, a senior World Bank official said on Thursday.
“So far there have not been any major policy reversals in emerging markets … Recovery is going to be weak, growth slow for the medium term,” World Bank managing director Ngozi Okonjo-Iweala told an emerging markets conference.
“Vulnerability to global confidence crises will continue to define emerging markets as an asset class.”
–Agencies