
Macro - Weekly Briefings - Emerging Markets
Description
Macro - Weekly Briefings - Emerging Markets
Prolonged monetary policy hawkishness presents a significant risk to demand growth across emerging markets (EMs). In the short run, central banks can justify tight policies as progress on disinflation has slowed and because of heightened financial market volatility. But our real activity tracker reveals that activity lost momentum in the EMs with the highest hawkishness index.
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6 Pages
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