Volatile times for emerging markets

Risk assets and oil prices may be hit, taking down currencies of commodity producing countries, especially the Russian ruble, Colombian peso and ringgit, according to Bloomberg.

THE Federal Reserve’s abrupt change to zero rate hikes for 2019 against a softer growth outlook, may not benefit emerging markets (EMs).

Contrary to earlier expectations for EMs to recover on a weaker dollar, slowing global growth may dent exports from EM economies.