turn drowned out the growth seen by the other emerging markets in its neighborhood let's bring in michelle hi-z. he's a chief economist and allianz and have compiled this report joins us now from a friend for me here there you are does it mean what you found out in this latest report that advanced economist economies are just more resilient economic headwinds or what does it mean. well i would say depends on the type of headwind we've seen very strong growth of financial assets in emerging markets for 2 decades the year 2018 brought a slowdown even brought to light slightly negative number and that was due to china as you said and china was of course hit very strongly by the emerging trade conflict with the united states last year and china was not resilient with respect to that shock the markets really tailspin downwards and that led to this decline actually in financial assets despite the fact that also asian households are high savers big savers and add a lot to their income to their assets every year but the fall of stock markets was just too strong so basically when you say that more emerg

turn drowned out the growth seen by the other emerging markets in its neighborhood let's bring in michelle hi-z he's a chief economist and allianz and have compiled this report joins us now from a friend for me here there you are does it mean what you found out in this latest report that advanced economies economies are just more resilient to economic headwinds or what does it mean. well i would say depends on the type of headwind we've seen very strong growth of financial assets in emerging markets for 2 decades the year 2018 brought a slowdown even broader light slightly negative number and that was due to china as you said and china was of course hit very strongly by the emerging trade conflict with the united states last year and china was not resilient with respect to that shock the markets really tailspin downwards and that led to this decline actually in financial assets despite the fact that also asian households are high savers big savers and add a lot to their income to their assets every year but the fall of stock markets was just too strong so basically when you say that more emergi