One emerging-market worry gives way to another
Rising infections overshadow rising inflation
DESPITE THEIR supposed dynamism, emerging markets often struggle to escape their past. A few months ago, investors worried that this year would turn out to be a repeat of 2013, when rising bond yields in America prompted a sharp sell-off in emerging markets, known as the taper tantrum. Now investors are worried that 2021 will be a grim repeat of last year, as another, more virulent wave of covid-19 infections spreads through Brazil, India and elsewhere.
This article appeared in the Finance & economics section of the print edition under the headline “The wave v the tantrum”
Finance & economics April 24th 2021
- Sanctions are now a central tool of governments’ foreign policy
- The pitfalls of trading geopolitical risk
- The woes of Huarong pose dilemmas for Beijing
- Isaiah Andrews wins the John Bates Clark Medal
- One emerging-market worry gives way to another
- Has Europe’s BlackRock outgrown its pond?
- How to think about vaccines and patents in a pandemic
From the April 24th 2021 edition
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