Fast monetary policy tightening in the US is leading to currency depreciation and rapidly rising borrowing costs for emerging economies. One of the responses will likely be more rate hikes in emerging economies, putting downward pressure on future growth.
Economy Watch: Emerging Markets View (October 2022)
Economy Watch: Emerging Markets View (October 2022)
International
Pages:6 pages13 min read
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Downside risks to the short-term outlook are increasing.
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