The US now suffers from these 5 dead giveaways of an emerging-market economy in trouble, former IMF official says — ‘It pains me to say it’
- Instead of an advanced economy that leads the world, the US is looking more like a troubled emerging market, according to a former IMF official, who also warned that there's no bailout big enough that could put things back on track or shield the rest of the global economy from the repercussions.
The world's biggest economy may be headed for some quantitative speed bumps as growth slows, but a former International Monetary Fund official warned that a drastic qualitative shift also is underway.