Emerging markets to suffer third wave of the global financial crisis

JEDDAH: Global growth is expected to remain below its pre-crisis (2008-2009) levels for the foreseeable future. The risks remain tilted to the downside, largely concentrated in Emerging Markets and, in particular, China, the QNB Group says in its latest economic commentary.

In its recently published World Economic Outlook, the International Monetary Fund (IMF) expects global growth to fall to 3.1 percent in 2015, down from 3.4 percent in 2014. This is the slowest expansion in the world economy since the Great Recession of 2009.