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Goldman says 'Fragile Five' are stronger than many think

The extent to which countries can respond to a shock today is arguably better than at any other time in the past few years

Even Pakistan, home to widening external deficits and shrinking foreign reserves, may be turning the corner. Corruption charges against Finance Minister Ishaq Dar and former prime minister Nawaz Sharif suggest national institutions are improving.


WALL Street got it wrong on BRICs and PIGS. Now, some of the world's largest money managers say the newly minted members of the "Fragile Five" are actually fairly sturdy.

Goldman Sachs Asset Management, T Rowe Price Group and BlackRock Inc are among investors buying bonds from...

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