Sant Daces Bank Monty nn LP Figure 27: EM vs DM net margins (%) - Information (Technology Nei margin O41 18 - 18 14 - 12 10 2 0 a alommeon Technakgy -1192 DM • 11110110036 TOON1010gy S. S :e- San' Oars eBan. Ikombn 1P 7) EMs have fared especially badly in energy and materials primarily due t