We have been in the dovish inflation camp since this summer, … when our high-frequency metrics began to point to moderation, … picking up a marked d...

The short-term macroeconomic outlook remains favorable, supported by elevated oil prices. Structural reforms are needed to help diversify the economy.

China's housing rout will continue to weigh on growth, but a housing-triggered financial retrench can be avoided. Despite deteriorating asset quality and returns, Chinese banks can still make loans. The covid policy will be eased, yet gradually. Thus the sequential growth path in 2023 will be backloaded.

We assess the fiscal position the Lula administration inherits, … and discuss the implications of possible spending packages. Fiscal accounts will b...

Elevated levels of inflation remain the biggest challenge for CEE-4. Meanwhile, concerns over a recession will likely weigh on demand. This leaves central bankers in a tricky position to strike a balance. The market anticipates interest rate cuts will begin sooner in 2023.

Voluntary carbon markets (VCMs) are featuring prominently in discussions at COP27, as multiple initiatives are being launched to support their critical role in scaling up finance to emerging and developing economies.

Our last Global Macro Views was on Modern Monetary Theory (MMT). Until 2022, government debt had been rising even as interest rates fell, … creating...

We present our EM current account forecasts for next year. Wide deficits will continue in Turkey, Hungary, and Philippines. In a group of countries ...

Portfolio flows to EM stood at $9.2 bn in October. Equity and debt flows were $1.7 bn and $7.6 bn. Chinese equities posted $7.6 bn in outflows.

The ESG debt universe has grown rapidly, to near $4.5tr in Q322, up from $3tr in Q321 and $1.5tr in Q320. However, overall ESG debt issuance has slowed sharply this year amid broader debt market disruption.

Modern Monetary Theory (MMT) was all the rage two years ago. At the time, global interest rates were low amid record fiscal deficits … feeding the i...

Elevated commodity prices deteriorated CA balances across CEE-4. Fiscal deficits will likely improve in 2022 from a year earlier for most CEE-4, while a higher imported energy bill is expected to widen CA deficits markedly. The region will likely end 2022 with sizable fiscal and CA deficits.

CCA countries have shown remarkable resilience in the face of external shocks. A sharp increase in tourism receipts and remittances, along with high energy prices, led to solid growth. While the terms of trade shock has had diverging effects on the region.

The IIF Sustainable Finance Monitor covers key developments in the global sustainable finance agenda in addition to policy and regulatory updates and a market snapshot.