Emerging markets news
Here are some recent emerging markets news stories:
Global Economy
- The International Monetary Fund (IMF) has cut its global growth forecast for 2023, citing rising inflation and interest rates, as well as the ongoing impact of the COVID-19 pandemic. (Source: Reuters)
- The World Bank has warned that the global economy is facing a "perfect storm" of challenges, including high inflation, rising interest rates, and supply chain disruptions. (Source: Bloomberg)
Emerging Markets
- China's economy grew at its slowest pace in a decade in the fourth quarter of 2022, as the country's property market continued to struggle and COVID-19 restrictions weighed on consumer spending. (Source: Financial Times)
- India's economy grew at a faster pace than expected in the fourth quarter of 2022, driven by a rebound in manufacturing and services. (Source: Reuters)
- Brazil's economy contracted in the fourth quarter of 2022, as a severe drought hit the country's agricultural sector and a surge in COVID-19 cases disrupted consumer spending. (Source: Bloomberg)
Currency Markets
- The Turkish lira has fallen to a record low against the US dollar, as the country's economic woes and high inflation continue to weigh on the currency. (Source: Financial Times)
- The South African rand has weakened against the US dollar, as the country's economy struggles with high inflation and a shortage of electricity. (Source: Bloomberg)
Commodities
- Oil prices have fallen to their lowest level in months, as concerns about global demand and supply disruptions ease. (Source: Reuters)
- Copper prices have surged to a record high, driven by strong demand from the electric vehicle industry and concerns about supply disruptions in top producer Chile. (Source: Bloomberg)
Company News
- Indian e-commerce company Flipkart has raised $3.6 billion in funding from investors, valuing the company at over $40 billion. (Source: Reuters)
- Chinese ride-hailing company Didi Chuxing has agreed to sell its US operations to a group of investors, in a deal worth over $1 billion. (Source: Bloomberg)
Policy News
- The Reserve Bank of India has raised interest rates for the fifth time in six months, in a bid to curb inflation and support the country's currency. (Source: Financial Times)
- The Brazilian central bank has cut interest rates for the first time in over a year, in a bid to boost the country's economy. (Source: Bloomberg)
These are just a few examples of the many emerging markets news stories that are currently making headlines.