Previous 10 | Next 10 |
Summary Brazilian real and Mexican peso are the only major currencies that have outperformed the strong US dollar YTD September 30, 2022. Brazilian real has benefitted from its strong exports earlier this year, thanks to the strong demand and higher commodity prices, e.g., price r...
Summary Emerging markets have seen a sustained period of higher nominal yields over the past 18 months. This backdrop of moderating inflation raises the question of whether there is light at the end of the tunnel for monetary policy tightening. We do not expect cuts in the ver...
Summary The growing global commitment to the transformation of the economy to Net-Zero Emissions by 2050 is intensifying demand for critical minerals. A supply-demand gap is likely to open up, leaving businesses and governments scrambling to close it to achieve climate goals. ...
Summary On 16 August 2022, President Joe Biden signed into law the IRA. The COVID-19-related global supply chain disruptions, extreme weather events, rising inflation, and the Russia-Ukraine crisis have pushed the cost of capital to record highs. Meanwhile, in China, surging c...
Summary A global recession is likely, with at least slower economic growth virtually certain. The tightening is not a mistake, but in most cases it’s coming too late, which means more economic damage than it had begun earlier. Businesses selling to China can expect lowe...
Summary As the ”invoicing” currency of the world, when the U.S. dollar appreciates, other currencies essentially depreciate. Rising commodity prices can be a boon for emerging economies – including oil exporters Brazil, Mexico and Russia – that rely on ...
Despite a solid fundamental outlook, headwinds have been present. The commodity run-up has clearly benefited Latin American fiscal and external accounts. Given the political currents in the region, concerns surrounding the political outlook will likely remain at the forefront. ...
In early 2022, the company increased product prices by 12%, but it seems that this is backfiring as revenues and EBITDA shrank by over a third in Q2 ex-Jafra. According to the revised 2022 guidance, the second half of the year isn’t expected to be better than the first one. ...
Economies of Latin America and Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing their upward trend, while inflationary pressures persist. The reopening of contact-in...
The peak rates chatter refuses to go away – and there are good reasons for that. Emerging markets' central banks frontloaded a lot of rate hikes, and real policy rates adjusted by expected inflation are now very positive (maybe even contractionary) in quite a few EMs. The l...