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Recession angst spurs pivot to emerging world's growth engines

Central Asia and Asia Pacific are the only two regions in emerging markets handing local-currency bond investors positive returns this month, according to a Bloomberg index

Photo: Bloomberg
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Photo: Bloomberg

Bloomberg

panic over inflation gives way to fears about a global recession, emerging-market investors are making a pivot too -- they're now favoring countries where interest rates are still low.
Investors have snapped up local bonds from Indonesia and