Diverging vaccination rates a concern for emerging markets
The recovery in emerging markets has taken a turn for the worse over the last two months. The IMF downgraded its GDP forecast for emerging economies by 0.4%.
The stock market is in perpetual motion
And so the merry-go-round continues. Government debt piles up whilst interest rates sink well below the prevailing rate of inflation. Real yields? A fading memory.
Economic growth rebounds but government support expected to roll off
The recovery continues to pick up speed, particularly in the U.S. and the U.K. where both nations have successfully vaccinated a majority of the population.
Emerging market debt: Outsized opportunities
Valentina Chen, co-head of Emerging Market (EM) Debt at BMO Global Asset Management, asserts the case for staying the course in this strategic asset class.
Coronavirus vaccine developments are extremely welcome news
The US, UK, Euro Area and Japan all look to be headed for a very weak end to Q4, with some potential weakness dragging into Q1 of next year.
IMF: “Keep the fiscal taps running”
The IMF has emphasized the need for greater public investment in the ‘post pandemic’ phase of the recovery.