Emerging Market Crisis Series

Emerging Market Crisis Series

Russia's consumption weakness indicates extended recession

Dec 17, 2015 17:25 pm UTC| Commentary

Russian real sector data for November were mixed. The main negative trends were in real retail sales, which declined sharply, and increased unemployment. Positive indications came from slight improvements in industrial...

Emerging Market Crisis Series

Brazil labor market deterioration likely to accelerate in November

Dec 17, 2015 09:22 am UTC| Commentary

Unemployment rate in Brazil was deteriorating since the rapid rise in July. In November, the countrys unemployment rate is likely to rise as expected by market consensus to 8.1% from previous months 7.9. If the labor...

Emerging Market Crisis Series

Fitch downgrades Brazil to junk

Dec 16, 2015 17:11 pm UTC| Commentary

Fitch downgrades Brazil to junk and maintains a negative outlook. Brazil has now lost its investment grade status by two of the major rating agencies after Standard Poors cut the rating to junk earlier this year. Fitch...

Emerging Market Crisis Series

Brazil retail sales likely to indicate persisting drop in Q4 consumption

Dec 16, 2015 07:30 am UTC| Commentary

Brazil retail sales for the month of October is likely to drop to -1.1% mom as expected by the market consensus, while the retail sales year on year are expected to record a decline to -8.3%. There is a sharp rise in...

Emerging Market Crisis Series

South African markets likely to remain on the back foot

Dec 10, 2015 16:33 pm UTC| Commentary Economy

The sell-off in South African markets on Thursday was probably a sign of things to come. The yields on 10-year government bonds rose more than 100bp, to leave them above 10% for the first time since 2008. That added to a...

Emerging Market Crisis Series

Indonesia's struggle to end corruption is hitting snag after snag

Dec 09, 2015 13:23 pm UTC| Politics

The people of Indonesia had strong hopes that President Joko Widodo (or Jokowi, as hes known) would tackle Indonesias corruption problem. But over a year into his presidency, a Transparency International report suggests...

Emerging Market Crisis Series

De-leveraging under way for Asia Ex-Japan

Dec 09, 2015 11:55 am UTC| Insights & Views

A turbulent year for emerging markets (EM) may be coming to an end, but on the other hand, prospects for 2016 do not look very appealing either. Most economists expect either a slight recovery in average emerging market...