For six years, emerging markets have lived in a world defined by the US Federal Reserve’s policies of easy money. Tides of liquidity have flowed from developed to developing economies, financing infrastructure and corporate investment and allowing consumers to indulge credit-fuelled retail dreams.
六年來，新興市場一直處在美聯儲(Federal Reserve)寬松貨幣政策所營造的世界里。一股又一股流動性洪流從發達經濟體涌向發展中經濟體，為基礎設施和企業投資提供資金，還讓消費者陶醉于信貸助燃的消費夢想。
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