Experts fret Fed rate hike impacts developing economies

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Experts fret Fed rate hike impacts developing economies

STORY: Experts fret Fed rate hike impacts developing economies DATELINE: Sept. 20, 2022 LENGTH: 00:01:40 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the views in the U.S. 2. SOUNDBITE 1 (Spanish): GABRIELA SILLER, Director of economic-financial analysis at Banco Base, Mexico 3. SOUNDBITE 2 (English): HSIA HUA SHENG, Associate professor of international finance with Getulio Vargas Foundation, Brazil 4. SOUNDBITE 3 (English): ANNA MALINDOG-UY, Researcher of Philippine-BRICS Strategic Studies STORYLINE: Most observers expect the U.S. central bank is likely to opt for a third consecutive 75-basis-point rate rise. Many worry the move will further impact the developing countries and slow down their recoveries. SOUNDBITE 1 (Spanish): GABRIELA SILLER, Director of economic-financial analysis at Banco Base, Mexico "Emerging economies depend on the United States for their trade. In the financial part and in terms of interest rates, I think that the market is strongly punishing those economies that d

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