Emerging market economies have certainly felt some significant headwinds over the past 12 months. This is posing threats to future economic growth prospects, not only for developing economies but, also the developed world.
Presently, China is witnessing an economic slowdown, Russia is suffering from falls in oil prices and Brazil is being hit by both falling commodity prices and political dysfunction. A vicious cycle of secular stagnation appears to be developing. Slowing growth in industrialised countries is now directly impacting emerging economies, which are exporting capital and thereby slowing growth in more developed locations.
Source : Cushman & Wakefield