It looks like double-digit growth has come to an end for emerging economies. An enormous amount of money invested in these countries with Asia leading the pack. But similar to what happened in the United States and Europe, the development models have run their course and at this point need to be resdesigned.
The United States Federal Reserve has announced that it plans to stop pumping money into the US economy, which could speed the redirection of funds to more profitable markets.
The Fed's changing strategy will have a significant efect on the global economy and could also stymie a recovery in Europe. More than ever before, it is necessary for central banks to make prudent decisions that keep Europe moving forward economically.
