{"id":594550,"date":"2019-09-01T03:59:41","date_gmt":"2019-09-01T03:59:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/"},"modified":"2019-09-01T03:59:41","modified_gmt":"2019-09-01T03:59:41","slug":"emerging-markets-suffer-worst-august-in-decades","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/","title":{"rendered":"Emerging markets suffer worst August in decades"},"content":{"rendered":"

<\/a> Emerging markets suffer worst August in decades:<\/b> EM stocks suffered USD 873 bn in losses last month and currencies experienced their worst August since 1997, Bloomberg says<\/a>. The iShares MSCI EM ETF saw a record increase in short interest as yearly gains on EM ETFs were almost entirely wiped out<\/a>, and USD bond sales hit a 42-month low.<\/p>\n

A perfect storm:<\/b> The EM headache was caused by a handful of factors, the most important of which originated in the US. The tone for August was set at the end of July, when Fed Chairman Jay Powell uttered the fateful words \u201cmid-cycle adjustment.\u201d<\/a> Cue a market panic that was compounded shortly after by President Donald Trump\u2019s announcement<\/a> of yet more tariffs on Chinese goods. Investors were given an extra incentive to pull money from EMs after at least 12 central banks cut rates, taking their cue from the Fed\u2019s 25 bps cut in July. Turmoil in EMs also played its part: The TRY fell 4% as Turkey\u2019s 2020 growth prospects were halved, while in the middle of the month primary elections in Argentina<\/a> resulted in the second-biggest daily market crash in history and what looks to be a ninth sovereign default<\/a>.<\/p>\n

It might not be getting any better:<\/b> In the absence of a US-China trade agreement, the EM sell-off is likely to continue, analysts told Bloomberg. \u201cSeptember will be more of the same,\u201d said Brendan MacKenna, FX strategist at Wells Fargo. \u201cEven though China laid out their retaliation plans, it wouldn\u2019t surprise me if they got even more aggressive with countermeasures.\u201d Eric Baurmeister, head of Morgan Stanley\u2019s EM debt team, said that investors need to see evidence of Washington and Beijing coming together before EM fortunes start to change. \u201cThe benefit of the doubt is gone, and the market needs to see documents signed, trade agreements done before they get really excited.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Emerging markets suffer worst August in decades: EM stocks suffered USD 873 bn in losses last month and currencies experienced their worst August since 1997, Bloomberg says. The iShares MSCI EM ETF saw a record increase in short interest as yearly gains on EM ETFs were almost entirely wiped out, and USD bond sales hit […]<\/p>\n","protected":false},"author":1,"featured_media":594551,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[82,116,115,72,164,2108,349,1424,724,1510,117],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-bonds","tag-china","tag-emerging-markets","tag-enterpriseam","tag-equities","tag-etfs","tag-interest-rates","tag-jerome-powell","tag-monetary-policy","tag-the-macro-picture","tag-us","wpautop","entry"],"acf":{"mongo_id":"4a99d2c7-7520-4027-87bb-06e7cb987bd0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/8\/38.jpg","photo_position":"above","related_issue":[594528],"teaser":"","voice_url":""},"yoast_head":"\nEmerging markets suffer worst August in decades - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emerging markets suffer worst August in decades\" \/>\n<meta property=\"og:description\" content=\"Emerging markets suffer worst August in decades: EM stocks suffered USD 873 bn in losses last month and currencies experienced their worst August since 1997, Bloomberg says. The iShares MSCI EM ETF saw a record increase in short interest as yearly gains on EM ETFs were almost entirely wiped out, and USD bond sales hit […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-01T03:59:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Emerging markets suffer worst August in decades\",\"datePublished\":\"2019-09-01T03:59:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/\"},\"wordCount\":317,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bonds\",\"China\",\"emerging markets\",\"EnterpriseAM\",\"equities\",\"ETFs\",\"interest rates\",\"Jerome Powell\",\"monetary policy\",\"THE MACRO PICTURE\",\"US\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/\",\"name\":\"Emerging markets suffer worst August in decades - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-09-01T03:59:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Emerging markets suffer worst August in decades\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Emerging markets suffer worst August in decades - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/","og_locale":"en_US","og_type":"article","og_title":"Emerging markets suffer worst August in decades","og_description":"Emerging markets suffer worst August in decades: EM stocks suffered USD 873 bn in losses last month and currencies experienced their worst August since 1997, Bloomberg says. The iShares MSCI EM ETF saw a record increase in short interest as yearly gains on EM ETFs were almost entirely wiped out, and USD bond sales hit […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-09-01T03:59:41+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Emerging markets suffer worst August in decades","datePublished":"2019-09-01T03:59:41+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/"},"wordCount":317,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1","keywords":["Bonds","China","emerging markets","EnterpriseAM","equities","ETFs","interest rates","Jerome Powell","monetary policy","THE MACRO PICTURE","US"],"articleSection":["THE MACRO PICTURE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/","name":"Emerging markets suffer worst August in decades - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1","datePublished":"2019-09-01T03:59:41+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/emerging-markets-suffer-worst-august-in-decades\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Emerging markets suffer worst August in decades"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/38.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":598886,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/","url_meta":{"origin":594550,"position":0},"title":"ETFs a magnet for EM investors \u2014 but not all markets are equal","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"EM ETFs attract USD 84 bn in inflows in 16 months \u2014 but not all markets are equal: ETFs that specialize in emerging markets drew some USD 84 bn in the 16 months leading up to mid-April. But statistics from financial data provider EPFR show that 80% of inflows went\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1232.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594648,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/investors-pulled-usd-13-8-bn-from-emerging-markets-in-august-iif\/","url_meta":{"origin":594550,"position":1},"title":"Investors pulled USD 13.8 bn from emerging markets in August -IIF","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"IIF tracker confirms EMs might want to wipe August from their memories: Net emerging markets portfolio inflows witnessed their most unfortunate month in August since November 2016, according to the Institute of International Finance\u2019s (IIF) most recent capital flows tracker. Investors pulled out roughly USD 13.8 bn from EM stocks\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/248.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555881,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/omicron-fed-taper-hits-emerging-market-bond-etfs\/","url_meta":{"origin":594550,"position":2},"title":"Omicron + Fed taper hits emerging-market bond ETFs","author":"enterpriseam admin","date":"30 November 2021","format":false,"excerpt":"Omicron + Fed taper hits emerging-market bond ETFs: Investors pulled more than USD 850 mn from emerging-market debt ETFs last week as the discovery of the Omicron covid variant and the decision to keep Jay Powell as Federal Reserve head for another term fuelled risk-off sentiment, data from Bloomberg shows.\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554578,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/sp-trims-em-growth-outlook-for-2022\/","url_meta":{"origin":594550,"position":3},"title":"S&P trims EM growth outlook for 2022","author":"enterpriseam admin","date":"19 December 2021","format":false,"excerpt":"Emerging markets are walking into the new year with a lower growth outlook from S&P Global Ratings, which revised downwards its growth forecast for emerging markets by 0.1 percentage points to 3.5%. The ratings agency attributes the revision to the pandemic\u2019s overstay and a slowdown in China for the downgrade,\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/677.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565162,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/the-em-policy-dilemma-threatens-fresh-bout-of-volatility\/","url_meta":{"origin":594550,"position":4},"title":"The EM policy dilemma threatens fresh bout of volatility","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"The EM scramble to strike policy balance could lead to a wave of volatility: As the global commodities boom threatens to cause a surge in inflation, central banks in emerging markets are faced with an age-old dilemma: keep rates high to hold down prices or accommodate growth and pour more\u2026","rel":"","context":"In "Macro picture"","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/528.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570425,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/are-emerging-markets-about-to-impose-capital-controls\/","url_meta":{"origin":594550,"position":5},"title":"Are emerging markets about to impose capital controls?","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"Are emerging markets about the slap on capital controls? Emerging market economies are witnessing a collapse in external financing, with indications that outflows from EM bond and equity funds of the last three weeks exceeded 4% of net asset value. Normal protocol would see EM policymakers respond by selling reserves\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/355.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=594550"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594550\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/594551"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594550"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594550"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}