About this work
The slowdown in emerging economies after the global financial crisis was sharper than the US experience commonly associated with secular stagnation. Jonathan Fortun and Robin Brooks connect that weakness with subdued investment and lower commodity prices. Their December 2019 analysis asks whether forces beyond the commodity cycle were holding back emerging market growth.
Abstract
The slowdown in emerging economies after the global financial crisis was sharper than the US experience commonly associated with secular stagnation. Jonathan Fortun and Robin Brooks connect that weakness with subdued investment and lower commodity prices. Their December 2019 analysis asks whether forces beyond the commodity cycle were holding back emerging market growth.
Cite this work
Jonathan Fortun, Robin Brooks (2019). Global Macro Views: Secular Stagnation in EM. Institute of International Finance.