There is now also the beginning of a hard landing in emerging markets as the recession in advanced economies, falling commodity prices, and capital flight take their toll on growth. Indeed, the world should expect a near recession in Russia and Brazil in 2009, owing to low commodity prices, and a sharp slowdown in China and India that will be the equivalent of a hard landing (growth well below potential) for these countries.
随着发达经济实体衰退，商品经济价格下降，资本外流对经济增长造成危害， 新兴市场的经济硬着陆现在也开始发生了。事实上，由于商品价格偏低，世界可能将于2009年目睹俄罗斯和巴西的准衰退，中国和印度则会大大放慢速度，这对于这些国家来说就等同于硬着陆（增长大大低于潜能）。