•  
  • New York 19:44
  • London 00:44
  • Barcelona 01:44
  • Tokyo 09:44
  • Sydney 11:44

  • SignUp | Login

OECD: Emerging Markets "Resilient" Despite Global Turmoil

PRAGUE -(Dow Jones)- Emerging markets are proving resilient amid the ongoing global financial market turmoil and remain part of the engine of global economic growth, the deputy secretary general of the Organization for Economic Cooperation and Development said Tuesday.

"Emerging markets...and (their economies) remain resilient," despite global spikes in inflation in the last year, Pier Carlo Padoan said.

Padoan said the inflationary pressures these markets are now experiencing are partly of their own making, due to sharp increases in local demand for goods and services that have driven up prices.

Emerging markets, including central Europe's post-communist economies, continue to grow despite economic slowdowns in core markets and the credit crunch in the U.S. and western Europe, he said.

Emerging bond markets have shown resilience, Padoan added.

-By Sean Carney, Dow Jones Newswires; +420 221 085 272, sean.carney@dowjones.com

(END) Dow Jones Newswires

April 01, 2008 04:58 ET (08:58 GMT)


Copyright 2008 Dow Jones & Company, Inc.

Breaking Forex News

Australia December owner-occupied housing finance -5.5% MoM
Forex Live | Wed, Feb 10 2010, 00:32 GMT

Nikkei +0.9%, Kospi +0.5%
Forex Live | Wed, Feb 10 2010, 00:03 GMT

Japan December machinery orders +20% MoM Vs 8% expectations
Forex Live | Tue, Feb 9 2010, 23:55 GMT

Australian February Westpac-MI consumer confidence index -2.6%
Forex Live | Tue, Feb 9 2010, 23:50 GMT

HSBC revises timing for CNY revaluation
Forex Live | Tue, Feb 9 2010, 23:38 GMT

[ View All ]

Latest Updated Reports

Market Session Recaps - New York Session by FOREX.com
Tue, Feb 9 2010, 23:43 GMT

Beginner Traders’ Corner - GBP/USD Ahead of UK Inflation Report and BOE King's Comments by eToro USA
Tue, Feb 9 2010, 23:24 GMT

Daily Global Commentary - Noteworthy Contours of Federal Spending by Northern Trust
Tue, Feb 9 2010, 23:06 GMT

Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Tue, Feb 9 2010, 23:02 GMT

Forex Technical Report - Optimism Helping to Drive U.S. Equity Markets Higher by ForexHound.com
Tue, Feb 9 2010, 22:58 GMT

[ View All ]

Interested in forex trading? forex brokerage firms!


FOREX.com
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
IG Markets
Contact the broker/FDM
Open a demo account		City Credit Capital (UK) Ltd
Contact the broker/FDM
Open a demo account		Deutsche Bank
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.