Emerging Markets Economics

Emerging Markets Economics Update

7 June, 2018

Higher oil prices and the boost to EM oil exporters

There are already signs that the large EM oil exporters are responding to higher oil prices by scaling back austerity, which will help to drive stronger growth this year. But it’s notable that higher oil prices haven’t led to a further loosening of financial conditions over the past couple of months. That will prevent a more marked pick-up in growth.

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