Emerging markets look unusually resilient
A welcome departure from previous rounds of tightening
The script is familiar. A Federal Reserve bent on taming inflation mercilessly raises rates. The dollar soars, global financial conditions tighten and the world economy falls into a broad slowdown. But this time, there is a twist. Where writers would normally pencil in an emerging-markets crisis, there is instead an eerie calm.
This article appeared in the Finance & economics section of the print edition under the headline “Defying gravity”
Finance & economics October 15th 2022
- Emerging markets look unusually resilient
- After China’s party congress, is there hope of better policymaking?
- As Europe falls into recession, Russia climbs out
- Rates are rising at unprecedented speed. When will they bite?
- Three economists win the Nobel for their work on bank runs
- Who will survive the fintech bloodbath?
- Credit-default swaps are an unfairly maligned derivative
- Energy shocks can have perverse consequences
From the October 15th 2022 edition
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