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Bank of Singapore: Fed policy changes will have limited impact on ‘fragile five’ EMs

Bank of Singapore believes that the ‘fragile five’ emerging markets – namely India, Indonesia, Brazil, South Africa and Turkey – have become more robust and resilient, which means they are now well positioned to cope with tighter US Federal Reserve policies. The bank said in its latest investment note that in 2013, poor economic management and wide external deficits “put…

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