Shocks in G20 emerging economies impacting rich-world growth, IMF says

Domestic shocks in emerging economies in the G20 are increasingly impacting growth in the rich world, according to a report published on Tuesday by the International Monetary Fund. Those countries - ranging from China, the world's second-largest economy, to default-prone Argentina - have become so embedded in the global economy, particularly via trade and commodity value chains, that they are "no longer simply on the receiving end of global shocks." "Since 2000, spillovers from domestic shocks in G20 emerging markets - particularly China - have increased and are now comparable in size to those from shocks in advanced economies," the…