The report analyzes economic trends across 34 'Edge' economies, noting a dovish shift among central banks due to falling oil prices and stable FX. Key developments include Bolivia's FX unification and income classification upgrades for Sri Lanka and Vietnam.
Key Takeaways
- 1.Central banks in EM Edge regions show a dovish bias despite Fed hike risks, supported by lower oil prices and stable FX.
- 2.Bolivia has unified its FX market and shifted to a more flexible exchange-rate system as a key step in its stabilization program.
- 3.Sri Lanka and Vietnam have been upgraded by the World Bank to upper-middle-income status based on GNI per capita gains.
Table of Contents
- Economic outlook summary
- Quarterly outlook summary
- Monetary policy forecast
- EM Edge Economic Calendar
- Market Watch
- Armenia: Deficits Persist, but Inflows Do the Work
- Bahrain: Piecing the BoP puzzle
- Bolivia: FX unification, a new step toward stabilization
- Georgia: a solid fortress in the South Caucasus
- Regional Commentary
- Asia Edge: Income milestones and inflation surprises
- GCC
- Europe Edge
- Africa Edge
- Latin America Edge
- Appendix
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Authors
Nicolae Alexandru-ChidesciucKatherine MarneyJuan Goldin
Securities
Ardshinbank Eurobond
Themes
Disinflationary trendsGeopolitical risk impactStabilization programs
Regions
Asia PacificMiddle EastLatin AmericaBoliviaSri LankaVietnam
