"NOBODY talks about “decoupling” any more."

Source: The Economist

The article suggests that since the exports of developing countries have been increasingly directed towards other developing countries, the economic downturn in the rich countries may not be as damaging to the poor countries as might have been the case in the past.

I wonder whether the authors fail to take into effect the indirect impacts. Will the developing countries, facing falling exports to developed nations in turn cut their own imports including those from other developing nations? I would guess so.