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Emerging economies, global inflation, and growth deceleration

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  • Otaviano Canuto

Abstract

Emerging market and developing economies (EMDE) face a common set of external shocks: rising energy and food prices; tightening in global financial conditions caused by the prospect of sharper interest rate hikes and anticipation of "quantitative tightening"; and return of restrictions on mobility in China, on account of the Covid zero policy, leading to slumping in growth and weakening one of the primary growth drivers for the other EMDE. However, the impacts of those common shocks on EMDE have been heterogeneous.

Suggested Citation

  • Otaviano Canuto, 2022. "Emerging economies, global inflation, and growth deceleration," Policy notes & Policy briefs 1977, Policy Center for the New South.
    • Handle: RePEc:ocp:ppaper:pb30-22
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    1. Otaviano Canuto, 2022. "War in Ukraine and Risks of Stagflation," Policy notes & Policy briefs 1974, Policy Center for the New South.
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