Tapering fears hit Brazil, Russia and India
Growth slowed in China and fell in Brazil, Russia and India last month
Growth in emerging markets slipped to its slowest in four months in January, HSBC’s composite index revealed as it slipped to 51.4 — off the 51.7 average for last year and well down on the 54.1 registered in the same month a year earlier
The survey covers services and manufacturing activity in catch-up nations and any reading above 50 indicates growth. Emerging markets have been hit hard by concerns about the impact of a winding down of the US Federal Reserve’s monetary stimulus. Growth slowed in China and fell in Brazil, Russia and India last month. But there was a better performance from Poland and Mexico.
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