Published: January 04, 2019
Argentina struggled to cope with yet another financial crisis in 2018.
The South American country’s stock market index closed more than 50 percent lower in 2018, after Buenos Aires found itself at the epicentre of an emerging markets financial spiral.
The emerging markets have been hurt by U.S. Federal Reserve rate hikes, which have driven up the value of the dollar versus other currencies, making it more expensive to repay dollar-denominated debt. Trade wars have also been a factor, and they hurt commodity prices. Commodities are important revenue sources in emerging markets.
from Just News Viral http://bit.ly/2BWdOoe
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