Headline figures may seem alarming but the real picture is much more nuanced

In prioritizing stability over all other objectives, China is borrowing from future growth while reducing policy ammunition to counter future shocks.

Trade, geopolitics, and emerging markets were top of mind at the recent annual meetings.

In emerging market equities, we see reasons to focus on value stocks and areas with attractive valuations.

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.

A plan to cancel the new Mexico City airport highlights the risk that President-elect Andrés Manuel López Obrador may implement some of his more costly campaign promises.

For now, markets are giving Bolsonaro the benefit of the doubt

In addition to China’s latest CPI, other signs point to sustained inflation in the country over the next year.