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While the headlines focus on the political rhetoric, in many respects this is an old fashioned emerging market crisis prompted by a ballooning of external debt at both the public and private level.
Market sentiment turned risk-off last week, largely due to the new US sanctions on Russia, which destabilised the ruble, and with the worsening of the situation in Turkey, which sank the lira and hit European lenders to the country. What are these two crises telling us about the state of the global economy? Watch the latest insights from M&G fund manager Wolfgang Bauer.
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