Government ministers of poor and indebted nations will this week appeal to their creditors for a much more ambitious debt relief effort as they grapple with the health care and economic consequences of the coronavirus pandemic.
Trump. Trade. Turkey. A trio of risks confronts emerging markets in the coming week following a period in which prices have stuck to the August script, with implied currency volatility increasing in the five days through Friday by the most since the March rout.
Emerging market and developing economies (EMDEs) pushed their borrowing to a record $55 trillion (£42 trillion) last year, according to the World Bank, marking an eight-year surge that is the “largest, fastest and most broad-based in nearly five decades”.
Emerging markets are set to eclipse developed nations next year in their capacity to generate wind and solar power as equipment costs fall and the energy market approaches ‘peak coal’, according to Moody’s, the credit rating agency.
There has been a rising wave of opposition to globalization across the globe. From widespread trade protectionism to slow trade growth and tightened immigration policies, it would seem that the world is facing a backlash against globalization.
Markets in the Middle East and North Africa (MENA) are likely to outperform emerging markets (EM) in 2017 but political instability continues to be seen as the main source of risk for regional growth, according to the results of a survey conducted by EFG Hermes.