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emEA
’The Emerging Europe debt dog
While the search for yield is setting most emerging markets ablaze in terms of institutional money flow, there is one EM area that appears noticeably excluded from the flow party: Emerging Europe.
As Bloomberg noted on Monday,
Things can only get worse in Eastern Europe
German manufacturing orders fell by 6.1 per cent in October from September according to the latest figures from the German Economy Ministry. Those figures were much worse than the 0.5 per cent decline expected by analysts.