The credibility game intensifies |
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Tougher times for policymakers • In the June edition of Emerging Markets Briefer we made the argument that in todays world of slowing global growth, rising inflation and an ongoing credit crisis, it is extremely important that economic policies be credible. We still believe this theme is extremely important, and market developments in the past month clearly underline this fact. • With the global economic and financial environment worsening, policymakers will be tested to a much greater degree
Filed under: Fundamental
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