Pre-poll populism may hit ‘fragile’ economy

Even as emerging markets led by the so-called ‘fragile five’ were faced with headwinds going into 2014, the sharp sell-off wave in January that pummelled stocks, bonds, and currencies across key economics has been a bit of a shocker. The emerging market shakeout has largely been prompted by worries of a sharp slowdown in China and the US Fed’s progressive winding down of its bond buying programme.

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