Economics
It’s Been a Turbulent Year. Emerging Markets Are Waiting For a Better 2019
- U.S.-China trade war escalated, while the Fed tightened policy
- Argentina, Turkey sell-offs spurred contagion risks across EM
Emerging markets are rounding off the year with few excuses to keep floundering into 2019.
After a turbulent year that threatened to turn into a rout as U.S. monetary conditions tightened and the trade war erupted, markets are finally showing some strength — in part because valuations have fallen so low.