Global reset is testing emerging markets – Gopinath
IMF’s deputy managing director says small economies must be ready to respond forcefully to inflation
Emerging markets are facing vulnerabilities exacerbated by tariffs, the International Monetary Fund’s first deputy managing director has said. In a speech on May 7, Gita Gopinath pointed to emerging economies’ dependence on external financing from foreign non-banks, such as insurance companies and investment funds. She expressed concern that capital outflows from these non-banks during periods of stress appeared to be increasing in both volume and speed.
If inflation risks materialised, Gopinath
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