While we expect a bounce in GDP growth, EM credit conditions will remain fragile and vulnerable to setbacks in 2021.
Negative bias has increased across emerging market sovereigns and nonfinancial companies.
The coronavirus shock has intensified South Africa’s fiscal challenges and will further push up its already-rising debt burden.
The coronavirus crisis and global economic downturn have exacerbated underlying credit risks that have built up in recent years.
Discussed prospects for emerging market credit in 2021. Featuring an exclusive interview with Dr. Mohamed El-Erian.
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