Many emerging markets are now turning to submerging markets as country after country is experiencing falling economies, currencies and stock markets. The currency is often the best indication of a country’s economic health. Just look at these six currencies submerging into obscurity: CURRENCY CONTAGION IS SPREADING But these are just some of the worst ones. The currency collapse is spreading like wild fire. High inflation and hyperinflation is hitting country after country. Here are some more countries with collapsing currencies in 2018: Sudan -61%, Angola -39%, Liberia -18% and India -12%. The list goes on. There are at least another 15 countries whose currencies have lost 10% or more against the dollar in 2018. GLOBAL STOCK DOWNTURN STARTING Many major stock markets around the world are also telling us that the global economy is now starting a secular bear market. China is down 25% in 2018, Brazil – 20%, Turkey -23%, Italy -16%, Spain -15%, Ge...
from GoldBroker.com https://www.goldbroker.com/news/many-emerging-markets-are-now-turning-to-submerging-markets-1394
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