Three threats to growth in emerging markets
Tightening American monetary policy, slowing China and the Omicron variant
THE NEWS, as the second anniversary of the pandemic nears, could be better. The emergence of a covid-19 variant, labelled Omicron, has sparked a wave of selling on financial markets, seemingly on concern that a new highly transmissible strain of the virus could set back economic recoveries worldwide. With luck, Omicron may prove manageable. But continued disruptions from various variants of covid-19 represent just one of three formidable forces that will squeeze emerging markets in 2022, alongside tighter American monetary policy and slower growth in China.
This article appeared in the Finance & economics section of the print edition under the headline “Hazards ahead”
Finance & economics December 4th 2021
- China’s economy looks especially vulnerable to the spread of Omicron
- Three threats to growth in emerging markets
- How piecemeal carbon pricing affects cross-border lending
- India inches towards inclusion in big bond indices
- Have SPACs been cleaned up?
- Managing the world’s biggest sovereign-wealth fund is about to get complicated
- The explosion in stablecoins revives a debate around “free banking”
From the December 4th 2021 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt