Global Economic Crisis & developing countries

This note was last published on 26 August 2009 and will not be updated. In the early stages of the financial crisis there were hopes that it would be largely contained within developed economies, with developing economies having ‘decoupled’ from them. These early hopes proved unfounded, with developing countries struck by declining trade, a loss of investor confidence and withdrawal of investment, a fall in the value of vital remittances, and much reduced growth and contraction in some cases. There are also fears that aid flows may suffer in the aftermath of the crisis. This note summarises key reports and statistics, with links to further resources.