Worse Than The Global Financial Crisis In Emerging Markets, Not Yet In Developed

The percentage of loss-making companies in the past 12 months is higher than in the GFC in EM.

The percentage of loss-making companies in the past 12 months is higher than in the GFC in EM.

The share is higher than in the aftermath of the GFC (2009-2011) in both worlds.

Worsening fundamentals are concerning.

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