End of party has emerging markets on the skid | GulfNews.com:
"Syria today, the taper tomorrow — emerging market policymakers are learning that once the market becomes concerned with a current account deficit, most news is bad news.
Having enjoyed easy funding and massive inflows for much of the post-financial crisis period, the prospect of structurally higher global interest rates has made the world suddenly a much less welcoming place for emerging markets. Expectations that a US-led military strike against Syria would cause oil to spike in cost, driving up current account deficits for non-oil-producing countries, helped spur the latest weakness.
And any bit of good US economic news, bringing with it higher chances of a Federal Reserve cutback on bond purchases, have only made it worse."
'via Blog this'
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