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Recently, a new term "Fragile Five" is being used to describe countries that have witnessed economic turmoil in recent years. Which of the following is not included in the list?
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- Brazil
- India
- Sri Lanka
- Turkey
Correct Option: C
"Fragile Five" countries are Turkey, Brazil, India, South Africa and Indonesia. The term is coined by a research analyst Morgan Stanley who identifies that these countries have become too dependent on skittish foreign investment to finance their growth ambitions.
