The overall tone at the mid-April meetings of the International Monetary Fund and the World Bank Group in Washington, DC, was optimistic, albeit mindful of the differentiated political and idiosyncratic risks across emerging markets.
With trade policy, geopolitics and emerging markets currently top-of-mind for many investors, the spring meetings were especially relevant.
Investors point to improvements in growth, lower inflation and contracting current account deficits as evidence of emerging markets’ resilience to global shocks.
Many investors are concerned about the risks to growth and the potential for higher inflation in Peru following two recent shocks.
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