Prepare for Turbulence in Emerging Markets
Das notes:
“In a world of limited demand, irrespective of
leadership or ideology, governments everywhere face a mounting
anti-globalization backlash. Nationalist agendas and a shift to autarky –
closed economies – will persist. A return to strong growth in trade and
cross-border capital flows seems unlikely.”
China Virus Poses Longer-Term Economic Threat
Economic ‘Doom Loops’ Get Harder to Avoid in 2020s