EM Drop-In: A year of make-or-break elections, timing EM rate cuts and more

Starting with Nigeria’s, the 2023 political calendar is studded with elections that could see some major EMs turn away from unorthodox policymaking and towards very different economic futures. But what do the victories of market-friendly leaders really mean for EM economic and market outcomes?

In this latest monthly EM Drop-In, we discussed the results of the weekend’s voting in Nigeria and what to expect from the year’s big races in Turkey and Argentina. But we also explained how the past decade’s EM elections have had sometimes surprising outcomes for economies and financial markets. Plus, as monetary tightening cycles wind down, how soon before EM rate hikes turn to rate cuts?

EM Drop-In: A year of make-or-break elections, timing EM rate cuts and more

How will EM central banks respond to the currency sell-off?

Fall in EM yields may be delayed but is still on the cards

USD strength may delay, not derail, EM easing cycles

Emerging Markets Chart Pack (April 2024)

Europe Drop-In: Germany’s economic future – Is the ‘sick man’ healing?

Commodities Drop-In: Geopolitical risk and the commodities price outlook