Jahangir Aziz

Jahangir Aziz, an economist with a focus on the Asian economy and global trade, joins the conversation to dissect the ramifications of recent U.S.-China tariff policies. He emphasizes that a massive 10% universal tax and soaring tariffs on China could spell trouble for global trade stability. Aziz warns of a looming recession, discussing the intricate dynamics of international supply chains and fiscal support in China. The dialogue also touches on geopolitical tensions reshaping economic forecasts, particularly the challenges facing emerging markets.

Jahangir Aziz, Head of EM Economics at JPMorgan Research, dives into the sluggish capital flows into emerging markets. Aziz discusses how geopolitical factors and rising U.S. Treasury yields are reshaping investment dynamics. He highlights the waning influence of the dollar as a catalyst for inflows, while stressing the need for EMs to showcase their growth potential. The impact of China as both an attractor and substitute for broader capital flows is examined, alongside the need for stability in EMs to weather economic shocks.

Jahangir Aziz is the Head of Emerging Markets Economic Research at J.P. Morgan, while Jonny Goulden leads their EM Fixed Income Strategy. They delve into the impact of U.S. tariffs on emerging markets, particularly comparing ASEAN nations with China. The conversation highlights the challenges in monetary policy shaped by inflation, along with the risks posed by credit spreads. They also discuss the interconnectedness of EM currencies with global trends, including the potential for recovery amid a fluctuating dollar. A must-listen for those interested in EM strategies!