During much of this year, emerging markets have resembled a giant game of country whack-a-mole. Just when you thought one idiosyncratic story was temporarily under control, another one popped up. Whether it was Turkish policy mistakes, Argentine capital flight, Brazilian political risk, South African land reform or Russian sanctions fears, there has been no shortage of negative headlines.
在今年大部分时间里，新兴市场就像一场国家版大型打地鼠游戏。就在你认为一个特例事件暂时得到了控制时，另一个事件又冒出来了。无论是土耳其政策失误、阿根廷资本外逃、巴西政治风险、南非土地改革还是俄罗斯制裁担忧，今年一直都不缺负面的头条新闻。
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