Article16 July 2021

Listen: Alarm bells ring for emerging markets

Emerging markets have been resilient this year despite the Federal Reserve's hawkish shift in June and fresh lockdowns in some countries that threaten to derail the recovery. In this podcast, ING's Trieu Pham discusses why the calm has prevailed and how long it's likely to last

Federal Reserve Chairman Jerome Powell this week repeated the central bank's pledge to discuss tapering asset purchases at coming meetings, as the US economy recovers and inflation hits a 13-year high. In this podcast, ING's Senior Editor Rebecca Byrne asks Emerging Market Debt Strategist Trieu Pham what the shift in strategy could mean for emerging markets, where the Covid crisis appears to be deepening.