MACRO PICTURE
Emerging Markets Outlook: Rising Risks, Fragility Ahead
By Alessandro Magnoli Bocchi and Francisco Quintana
24 July 2018
In this paper we discuss:
- The cyclical slowdown looming ahead for the global economy;
- The economic impact on emerging markets from slower economy, higher interest rates and stronger U.S. dollar;
- The market implications (for stocks, fixed income, currencies, commodities) of the increased vulnerability of emerging markets; and
- The alternative scenarios to the baseline discussed above.
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