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March 2014 - SPOTLIGHT MOVES TO EMERGING MARKETS FROM THE EURO AREA
After its long moment in the spotlight, the euro area has recently been pushed aside by market concerns over emerging market economies, which have triggered capital outflows and sharp adjustments in their exchange rates. Economic growth in emerging market economies seem now bound to slow from its previous trend. Even so, the problems of the euro area and of major advanced economies in general, are still with us and are expected to continue to hinder their recovery.