Emerging markets face shifting credit dynamics amidst geopolitical tensions, rising inflation, higher interest rates, and tighter financing.

2024年5月31日 · Emerging markets are no longer competing solely on price—by offering the lowest-cost manufacturing, for instance.

His research focuses on globalization, emerging markets, and strategies for multinational and local companies in those markets. He cochairs the HBS executive program Leading Global Businesses.

2025年1月16日 · Emerging markets encompass regions with significantly diverging fundamentals and a broad range of credit challenges—from persistent inflation and tightening financing conditions to sluggish domestic demand and geopolitical tensions.

2024年3月26日 · In this context, we expect significant growth divergence across EMs. Growth will moderate for many countries that outperformed in 2023 (such as Brazil, Mexico, and India but remain relatively strong. Conversely, some countries that underperformed last year (among them, Colombia, Peru, Thailand, Hungary, Poland, and South Africa will grow modestly faster in …

2024年9月24日 · Monetary policy easing by the U.S. Federal Reserve, as long as it is accompanied by an orderly softening of the U.S. economy, is a positive for emerging markets (EMs)--especially ones with strong economic fundamentals, such as those in Southeast Asia. In several major EMs, particularly in Latin America, policy uncertainty could keep risk premiums …

2024年10月16日 · Emerging markets are strategically positioned to drive global economic growth through the expansion of their domestic markets and to benefit from the reconfiguration of supply chains, trade and investment.

2024年11月26日 · A likely increase in trade protectionist policies among major economies will hurt GDP growth in most emerging markets over the next couple of years. However, the magnitude of the impact will depend on the details of those policies, which will become clearer in the coming months. For now, we assume only a modest increase in tit-for-tat tariffs between the U.S. and …

Gross borrowing for local and regional governments in the emerging markets is set to increase in the next two years. This reflects pressing funding needs to finance forthcoming amortizations, as well as some capital expenditures.

2024年6月24日 · Our baseline macroeconomic forecast for emerging markets remains broadly unchanged relative to the second quarter. We continue to expect 2024 to show significant growth divergence across emerging markets (EMs).