Jan 28th 2010 | From The Economist print edition
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The Institute of
International Finance, a bankers’ group, reckons that net flows of
private capital to emerging economies fell to $435.2 billion in 2009, a
fall of more than a third from $667.1 billion in 2008. It expects them
to surge to $721.6 billion this year. Private capital fled recession-hit
emerging economies in Europe, which saw flows fall from $267.4 billion
in 2008 to a mere $20.3 billion last year. Flows of official funds,
mainly money from multilateral institutions like the IMF, increased by
more than 50% but could make up only a little of the slack. By contrast,
private flows to fast-growing emerging economies in Asia went up last
year, by 44% to $236.3 billion. They are expected to rise further in
2010. Jan 28th 2010 | From The Economist print edition |
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