Positive vaccine developments have diminished, but not dispelled, financial risks in emerging markets. Brazil and South Africa are still facing slow-burning fiscal crises, while India’s banking sector looks worryingly frail. Elsewhere, despite the recent hawkish shift at the country’s central bank, the Turkish lira – alongside the Argentine peso – remains vulnerable to large falls over the medium term.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services