Some countries buck negative trends in global economic surprises, but China is not one of them. The “feel good” factor stemming from the improving growth outlooks can affect policies in parts of LATAM.
U.S. Treasury closes the debt payment loophole for Russia. EM central banks keep an eye on the policy rate differential with the U.S. Fed.
A lot of EM inflation surprises are to the upside. Can weaker growth pave the way to disinflation, or is stagflation still the baseline?
The market continues to comb data releases for signs of global recession. Meanwhile, Ukrainian refuges in EMEA can help to boost local consumption, but also raise inflation pressures.