Aerial view of the Christ, The Redeemer Monument and the Corcovado Mountain in Rio de Janeiro, Brazil.
By Gustavo Medeiros, Ben Underhill
The Emerging View

The ‘land of the future’ can’t wait much longer

Brazil’s vast natural resources have helped build a resilient economy, backed by a sophisticated financial system & a well-educated, hyperconnected population. However, persistent political volatility and inefficient public spending have hindered progress

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Temple at Jiufen Old Street in Taipei Taiwan
Weekly investor research

Taiwan dollar’s rally could signal further EMFX strength

US Q1 earnings strong; Q2 outlook weaker. US stagflation fears persist. Taiwan dollar rallies sharply. Oil falls on Saudi supply hike. Korean leader resigns for election. Colombia cuts rates; Brazil eyes tax reform. Simion leads Romania vote...
The United States Capitol in Washington
Weekly investor research

Erratic US policy stance still driving asset prices

Trump eased on China tariffs; EM assets rallied. IMF cut 2025 global growth to 2.8%. Kazakhstan defies OPEC+. India may retaliate vs Pakistan. IMF suspended Colombia credit. Hungary faces media probe. SA cancels VAT hike. ECB hints at more cuts.

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Weekly investor research
Weekly investor research

The Classic EM risk roll-down

The classic EM risk roll-down is now on full display with Chinese stocks outperforming on the back of stronger than expected economic data.
Emerging view
The Emerging View

The China Witch Hunt

The common characterisation of US-China relations as a new Cold War is wrong.
Emerging view
The Emerging View

Stress testing EM sovereign external debt

The coronavirus outbreak was an unprecedented shock to the global economy, which experienced the fastest and deepest recession outside times of war.
Weekly investor research
Weekly investor research

US-China tensions increase

China’s National People’s Congress approved new security legislation for Hong Kong.
Market commentary
Market Commentary

Macroeconomic control regimes

Everyone knows why the Soviet Union and the Eastern Bloc countries lost the Cold War: economics.
Market commentary
Market Commentary

The well-meaning misguided G20 proposal

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.