Economists' worries at the beginning of this year were that emerging markets were going to grow too fast. We can clearly see that this hasn't been the case.
In this article, the author talks of the lack of economic boost that we have seen this past year. The last few years have been plagued by the world recession, but economists saw that many of the steps governments took to alleviate the downturn worked, and that this would be the year for growth. There thinking was that everything would now be uphill. But unrest in the middle east, and the Japanese disasters have shocked the recovering economies and their consequences may be seen for some time to come.
Oil prices have risen sharply, limiting economic growth by about .2 percent for each 10 percent increase in price. If markets are not able to quickly adapt to these shocks, the world economic recovery may be delayed even further.
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