The war in Europe is a triple whammy for emerging markets
It will add to an already long list of headaches
EVEN BEFORE Russia invaded Ukraine, emerging markets were braced for a testing year. The conflict threatens to lengthen a list of woes that already included inflation, slowing growth, public finances strained by rising interest rates and lingering disruptions from covid-19. In a worst-case scenario, the fallout may even top all these concerns.
This article appeared in the Finance & economics section of the print edition under the headline “Shock, stocks and barrels”
Finance & economics March 5th 2022
- China scrambles to prevent property pandemonium
- War and sanctions means higher inflation
- The war in Europe is a triple whammy for emerging markets
- European banks have most to lose in Russia
- South Korea’s economy threatens to become like Japan’s
- Investors are terrible at forecasting wars
- Vladimir Putin’s Fortress Russia is crumbling
From the March 5th 2022 edition
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