{"id":597208,"date":"2019-07-18T04:21:41","date_gmt":"2019-07-18T04:21:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/"},"modified":"2019-07-18T04:21:41","modified_gmt":"2019-07-18T04:21:41","slug":"development-in-emerging-markets-is-being-held-back","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/","title":{"rendered":"Development in emerging markets is being held back"},"content":{"rendered":"

<\/a> Ominous EM outlook of the week:<\/b> Deglobalization, the Chinese slowdown, and a decade of financial stimulus in advanced economies are holding back emerging markets from catching up with the developed world, Jonathan Wheatley writes in the Financial Times<\/a>. Emerging markets seemed destined for alignment with the West earlier this century, as increasing trade, growing global interdependence of supply chains, and the commodities boom of the 2000s fueled unprecedented economic growth and lifted mns out of poverty. But in the years since the 2008 financial crisis, emerging markets have set upon an altogether different path, and while demographic and technological trends bode well for the long term, there are significant uncertainties about what the short and medium-term future may hold.<\/p>\n

The growth of protectionism has led to many proclaiming that the end of globalization is near<\/b>, and while these apocalyptic predictions may prove to be unfounded, emerging markets are not best placed to cope with new trade barriers and geopolitical battle lines. A continuation of this trend may mean the emerging markets will need to find new ways to fuel growth at a time when investment is falling and productivity figures are slipping.<\/p>\n

Growth in China, responsible for carrying so many emerging markets into the 21st century, isn\u2019t what it was.<\/b> GDP has slowed since 2008, its dependence on imports has increased, and non-financial sector debt has soared. \u201cChina is one of the big risks,\u201d David Spegel, founder of Fundamental Intelligence, tells the FT. \u201cAs the economy matures, the ability of the authorities to have an impact is not what is was.\u201d<\/p>\n

We saw last year what a strengthening USD can do to emerging markets<\/b>, and there\u2019s a chance it could appreciate again later this year. Although the US Federal Reserve is likely to cut rates later this month, investors may well rush into the USD amid signs of a global slowdown. Any strengthening of the USD will only increase borrowing costs for emerging markets, tightening financial conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ominous EM outlook of the week: Deglobalization, the Chinese slowdown, and a decade of financial stimulus in advanced economies are holding back emerging markets from catching up with the developed world, Jonathan Wheatley writes in the Financial Times. Emerging markets seemed destined for alignment with the West earlier this century, as increasing trade, growing global […]<\/p>\n","protected":false},"author":1,"featured_media":597209,"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":[116,115,72,10296,1510,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-china","tag-emerging-markets","tag-enterpriseam","tag-globalization","tag-the-macro-picture","tag-trade","wpautop","entry"],"acf":{"mongo_id":"868c2ecc-79bd-4b7d-a943-b0ce3227bbae","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/7\/3044.jpg","photo_position":"above","related_issue":[597188],"teaser":"","voice_url":""},"yoast_head":"\nDevelopment in emerging markets is being held back - 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\/07\/18\/development-in-emerging-markets-is-being-held-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Development in emerging markets is being held back\" \/>\n<meta property=\"og:description\" content=\"Ominous EM outlook of the week: Deglobalization, the Chinese slowdown, and a decade of financial stimulus in advanced economies are holding back emerging markets from catching up with the developed world, Jonathan Wheatley writes in the Financial Times. Emerging markets seemed destined for alignment with the West earlier this century, as increasing trade, growing global […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-18T04:21:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/3044.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\/07\/18\/development-in-emerging-markets-is-being-held-back\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Development in emerging markets is being held back\",\"datePublished\":\"2019-07-18T04:21:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/\"},\"wordCount\":335,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/3044.jpg?fit=%2C&ssl=1\",\"keywords\":[\"China\",\"emerging markets\",\"EnterpriseAM\",\"globalization\",\"THE MACRO PICTURE\",\"trade\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/development-in-emerging-markets-is-being-held-back\/\",\"name\":\"Development in emerging markets is being held back - 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But they appear to have jumped\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\/2953.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593429,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/emerging-markets-fx-funding-needs-to-repay-usd-denominated-debt-to-soar-next-year\/","url_meta":{"origin":597208,"position":2},"title":"Emerging markets\u2019 FX funding needs to repay USD-denominated debt to \u201csoar\u201d next year","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"Emerging markets\u2019 FX funding needs to repay a decade of USD-denominated debt are on track to \u201csoar\u201d next year, Caroline Grady writes for the Financial Times. 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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":597367,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/the-imfs-emerging-markets-outlook-is-looking-sluggish-amid-expectations-for-subdued-global-growth\/","url_meta":{"origin":597208,"position":4},"title":"The IMF\u2019s emerging markets outlook is looking sluggish amid expectations for \u201csubdued\u201d global growth","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"The IMF\u2019s emerging markets outlook is looking sluggish amid expectations for \u201csubdued\u201d global growth: The IMF has revised downwards its forecasts for emerging markets\u2019 GDP growth in its July update of the World Economic Outlook, saying it sees EMs growing 4.1% and 4.7% in 2019 and 2020, respectively. 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