Hello. Today we look at increasing strains across the developing world, the growing likelihood of an ECB rate hike as early as July and the dollar’s status as the world’s reserve currency.
One crisis usually begets another, and crises often are born in unexpected places. Which is why it’s worth paying attention to what’s happening in Sri Lanka right now. It looks like the start of something bigger as emerging economies face the biggest set of concurrent shocks seen since the 1990s.