Economic activity has slowed in many emerging market economies(Emes).
Economic activity also slowed in some major emerging market economies(Emes).
Note that all seven currencies belong to emerging market economies(Emes).
Emes had been influenced by Brown,
although he had not been his pupil.
Economic activity remained
weak in major emerging market economies(Emes), pulled down mainly by slowing external demand.
While most of that would come from emerging market economies(Emes), the advanced economies would hold steady.
Stock markets in Emes fell, as the strong US dollar led to capital outflows,
though they recovered partially in September.
Theoretically, a rate cut in the US should
be positive for emerging market economies(Emes), especially from a debt market perspective.
Among emerging market economies(Emes), GDP growth in China decelerated further in Q3,
reflecting weak industrial production and declining exports amidst trade tensions with the US.
In Emes, yields have hardened in the few countries facing inflation pressures
and political uncertainties, but for commodity exporters, there has been some recent decline.
Growth prospects for emerging market economies(Emes) are also expected to improve moderately,
with recessionary conditions ebbing in Russia and Brazil, and China stabilising on policy stimulus.
Bond yields in the US have hardened sharply, adding to the upward pressures seen during January,
with concomitant rise in bond yields in other AEs and Emes.
Since the fifth bi-monthly statement of December 2015, global growth
has slowed, with the ongoing weakening of activity in major emerging market economies(Emes) outweighing the recovery in some advanced economies(AEs).
By contrast, foreign portfolio investors have been net sellers in both the equity and debt segments so far on a cumulative basis
in 2018-19 due to higher US interest rates, risk-off sentiment in Emes and escalation of trade wars.