Businesses griping, but central banks are ahead of the curve

Emerging markets are toast. That’s the clear message echoing out of the sudden torrent of doom-and-gloom from economic analysts, who are warning that it’s 2013 all over again — and perhaps even 1997. Risks abound, surely. It’s naïve to downplay the quadrupling of emerging-market debt over the last decade. Ditto for Donald Trump’s trade-war trigger-happiness, which imperils global […]