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De-dollarization
+2
Jun 30, 2025
•
10 min read
USD weakness and U.S. outflows have been a boon to EM in 2025, so far.
Currencies
+1
Jun 16, 2025
11 min read
Trump could well be ushering in a golden age for emerging market assets.
EMDEs
May 2, 2025
9 min read
Hint: it's not the "E", or the "S", but the "....
Deglobalization
Mar 27, 2025
DXY and SPX are both down again but don't tend to stay down together for long.
+3
Mar 13, 2025
8 min read
EM sovereign debt will no longer be the exclusive focus of this newsletter.
AEs
+4
Mar 6, 2025
13 min read
Policy volatility has receded in many EMs but increased in the G7.
Jan 26, 2025
12 min read
Global trade imbalances are out of control and need to be reined in.
Macro
Dec 19, 2024
15 min read
Global capital markets are becoming increasingly unipolar even as geopolitics become more multipolar.
Dec 12, 2024
Argentina is the Tracker's most-improved sovereign. Here's why.
Dec 5, 2024
Many - but not all - emerging markets are set to benefit from demographic tailwinds
Nov 28, 2024
Argentina is the Tracker's most-improved country thanks to astonishing economic policy results
Nov 21, 2024
Asset class maturity is evident in EM amid the post-pandemic inflationary shock
+7
Nov 14, 2024
Tariffs, deglobalization set to shift growth from EMs to the U.S.
Nov 7, 2024
Double-whammy of higher U.S. yields and stronger dollar, with peak deglobalization still to come
LICs
Oct 31, 2024
With global public debt at $100 trillion, many countries need more IMF-World Bank help.
Oct 24, 2024
High economic-political uncertainty paired with low volatility amplifies market risks
Inflation
Oct 17, 2024
Rampant inflation is most prevalent in lower-middle income countries, except for Argentina and Turkey
Oct 10, 2024
The Fed's data-dependence is clouding EM's mostly-benign cutting cycle outlook
Iran
Oct 3, 2024
The recent escalation presents downside market risks, albeit these are limited.
Sri Lanka
Sep 26, 2024
7 min read
Markets cautious on newly-elected President Dissanayake, renegotiations
Sep 19, 2024
6 min read
Small island states and large emerging markets have the biggest budget deficits in 2024
Sep 12, 2024
EM convergence to rich-world wealth levels is concentrated in Europe and Asia
Aug 18, 2024
2024: string of electoral victories for right-wing populists across emerging markets
FX
Aug 2, 2024
It's not just the usual suspects: some oil exporters also have low official reserves levels
Jul 26, 2024
Instead of "one and done", Islamabad and the Fund kick the can down the road.
