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African nations may be the new Brics

The emerging market slowdown is affecting some countries worse than others, with comparatively resilient growth in African and the Middle East now attracting serious attention from the financial salesmen whose job it is to keep the investment dollars flowing.

Brazil and Russia's growth has been especially sluggish since emerging markets boomed in 2004-2008, according to data supplied by London research consultancy Capital Economics.

And while emerging Asia remains the fastest growing developing region, "growth has held up best in in the Middle East and Africa," Capital Economics economist Daniel Martin finds.

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