Financial TimesFinancial Times

Here’s a tale of economic ‘resilience’ — but it’s not the one you think

By Ruchir Sharma

02 Jul 2023 · 3 min read

Editor's Note

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The writer is chair of Rockefeller International

“Resilience” is one of the buzzwords of the year. It’s used widely to describe the US economy, which continues to stave off recession and lift global growth, despite the sharpest interest rate rises in decades. But there is a more surprising tale of fortitude unfolding in the developing world.

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