With the notable exception of Turkey, net capital outflows from emerging markets have eased over the past month. However, the global backdrop for EMs this year will be challenging, particularly for those countries where external vulnerabilities are high (Turkey) or growing (parts of CEE and Latin America).
Drop-In: Turkey’s new economic policy = old problems (Thurs 20th Jan, 09:00 ET/14:00 GMT). William Jackson and Jason Tuvey discuss the economic problems associated with the lira’s collapse, including the government’s policy response. Register here.
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