Inflationary pressures appear to be intensifying in the Indian economy. Wholesale prices soared by 15.08% in April – the fastest pace since September 1991. Similarly, at 7.79%, CPI inflation exceeds the 6% upper band of the…
Chinese retail sales shrunk by a whopping 11.1% y/y in April, significantly below the anticipated 6.6% decline. Consumer staples (food, beverage, medicine and petroleum) are the only categories that did not experience a…
Executive Summary The surge in food prices following Russia's invasion of Ukraine will drive EM headline inflation higher, given more of individuals' incomes in these economies are spent on food. Economies in the…
Executive Summary India’s annual consumer price inflation will rise a notch from current levels but is unlikely to surpass 8% in a sustained manner. Demand-driven price pressures are absent in the Indian economy. So are wage…
Executive Summary EM Credit Spreads Correlate With The EM Business Cycle A buying opportunity in EM local bonds and sovereign credit (EM USD bonds) will open up once US Treasury yields roll over and the US dollar begins its…