Index-weighted CPI inflation declined to the lowest level in nearly two decades.

The recently launched G20 initiative to provide debt relief for poorer Emerging Markets (EM) countries may be well-meaning, but it is also seriously misguided. In particular, the proposal fails on two counts.

EM local bond yields set a record low despite outflows.

As of 27 April 2020, eighteen times more people have died from coronavirus per million of population in developed countries (DMs) than in Emerging Markets (EM).

Political uncertainty rises in Brazil after Justice Minister Sergio Moro’s resignation.

The tendency for global capital to flee ‘risky’ EM countries indiscriminately in favour of ‘risk free’ developed markets during outbreaks of global risk aversion is one of the great international market failures of  our time.

The G-20 stepped in to help the least developed countries to cope with the ‘sudden stop’ financial shock caused by the coronavirus outbreak.

The Reinhart-Rogoff proposal - In a recent article in Project Syndicate, prominent academics Carmen Reinhart and Kenneth Rogoff put forward a proposal for a moratorium on Emerging Markets (EM) external debt...

Chinese aggregate lending soars.

Ecuador has put forward a plan for dealing with an unprecedented triple shock of lower oil prices, coronavirus and loss of access to financial markets.

Economic activity picked up in China in March.

One of the arguments put forward in favour of including Chinese government bonds in the Emerging Markets (EM) local currency government bond index

Global stock markets have been struck by a triple shock; global pandemic, energy price war and market rout from full valuation levels in developed markets.

Imagine yourself five years from now, looking back at today.

The liquidity collapse resulting from the cumulative effects of the expected recession, the decline in oil prices and extreme market volatility was the main problem facing global markets last week.

An unprecedented triple shock from the US stock market crash, COVID-19 and falling oil prices has dislocated asset prices and impaired liquidity across all markets.

Lebanon announced a moratorium on its sovereign debt.

This report is an update of a 2017 report on intra-EM trade patterns.