Stress Testing Growth
Emerging Markets and the Global Economy in the Month Ahead:
Hongtao Jiang Although EM’s upturn is in early stages across many emerging economies and
could be sustained for a couple of years in many others, EM’s “rally cycle” is
already four years long in hard currency debt and its extension hinges crucially
on global growth acceleration.
This is now being challenged by US policy
initiatives and geopolitics. Will this pass without disrupting the still benign
underlying global recovery, and do such initiatives still have additional legs?
EU Forecast
euf:ba18.d:31/nws-01