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'Thrifty three' resilient to tapering: Schroders
These emerging economies are South Korea, Taiwan and the Philippines
Published Fri, Dec 27, 2013 · 10:00 PM
Singapore
TROUBLE may be brewing in emerging economies despite the relative calm in these markets since the US's announcement on the start of tapering.
There are, however, three economies - South Korea, Taiwan and the Philippines - that will be resilient to the shift in the US monetary policy, said Schroders, which called them the "thrifty three".
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