Emerging Market Crisis Series

Emerging Market Crisis Series

Disappointing year end data from Brazil carry over into 2016

Jan 12, 2016 22:43 pm UTC| Commentary Economy

Last year ended with unfavourable economic data. Activity indicators continue to post negative prints, surprising on the downside despite being at record lows already. The second year of low growth will remain a hurdle to...

Trade War Series

Emerging Market Crisis Series

Saudi Arabia assures commitment to Dollar peg

Jan 11, 2016 11:38 am UTC| Commentary

Saudi Arabias monetary authority has sent a message to speculators, who have pushing Real forward lower against Dollar, betting lower oil price and growing fiscal imbalance would push Saudi Arabia to with draw from its...

Emerging Market Crisis Series

Moody's & ICRA: India's 2016 market outlook depends on consumption, corporate profit and inflation trends

Jan 11, 2016 09:44 am UTC| Research & Analysis

Moodys Investors Service expects India (Baa3 positive) to remain among the worlds fastest growing major economies in 2016, but believes market trends this year will depend on whether inflation remains under control and...

Emerging Market Crisis Series

Fitch: Leverage, Capital Outflows Constrain Policy Space in EM Asia

Jan 08, 2016 01:09 am UTC| Research & Analysis

Fitch Ratings says Emerging Asias (EM Asia) private consumption has remained resilient in the face of weaker external demand. However investment has slowed down more substantially, particularly in the private sector. The...

Emerging Market Crisis Series

CBRT’s move towards policy simplification pivotal for TRY in 2016

Jan 07, 2016 15:34 pm UTC| Commentary Central Banks

Underperformance of the lira continued through 2015, triggered by the lack of response by the CBRT. TRY outlook in 2016 will largely depend on the expected monetary policy simplification and normalisation of interest...

Emerging Market Crisis Series

South Africa's SARB is a robust anchor but may face more acute challenges

Jan 07, 2016 09:33 am UTC| Commentary Central Banks

The biggest hurdle in front of SARB is lower forex reserve which is just over USD40bn only and ZAR weakness. The weakening of the National Treasury leaves the SARB to lower its interest rates. In general Central...

Emerging Market Crisis Series

Slowdown in India’s nominal GDP has caused a stir

Jan 07, 2016 02:59 am UTC| Commentary

Indias Real GDP growth in the first half of FY15/16 (i.e Apr-Sep15) averaged 7.2%, marginally slower than 7.6% in 1H year before. Comparatively nominal growth was down more sharply to 7.4% from 13.5% 1H last year. In the...