Global recovery is ‘double edged’ for EMEs – Carstens
“Too soon” to say whether inflation will be sustained but markets may overreact, says BIS chief
The global economic recovery is proving more beneficial for advanced economies than for emerging market economies (EMEs), Agustín Carstens said on June 9.
The Bank for International Settlement general manager noted the majority of vaccines had flowed to advanced economies, giving them an easier road to recovery. By contrast, EMEs were in many cases having to deal with surging cases of Covid-19 at a time when “policy space” was limited.
Any strengthening in advanced economies could prove a
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