Emerging Markets Debt: An Early Spring?
Streaming Income - A Podcast from Barings
The World Is Watching - Is Russia Siding With Russia?
The war in Ukraine, that's on everybody's radar screens. The second one that is pretty much everybody's radar screen is China's reopening. That partnership of the two countries being quite solid or appearing to be quite solid,. Is pushing investors to really withdraw from countries that may not be perceived as friendly and could potentially be subject to sanctions.
Ricardo Adrogue, Head of Global Sovereign Debt and Currencies discusses the Barings' team's increasingly positive view on the outlook for emerging markets debt.
Episode Segments:
(02:21) - Reasons to be optimistic about EM Debt in 2023
(04:28) - The tug of war shaping global economic growth
(07:15) - A multi-speed global economy in 2023
(08:40) - Why inflation may fall faster than expected
(14:40) - The EM rate picture and a potentially weaker dollar
(18:49) - The outlook for credit vs. rates
(20:04) - Assessing the major geopolitical risks in EMs today
(25:34) - The risk that China's re-opening disappoints
(29:16) - Why the IMF's changing view on defaults is a risk
(33:57) - Where the most attractive value lies in EM today
Links to recent papers referenced in the podcast:
- Emerging Markets Debt: Springtime in January?
- Why Quantitative Tightening Could Make Quick Work On Inflation
IMPORTANT INFORMATION
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