A couple sell food for feeding pigeons in front of the Caglayan courthouse in Istanbul on May 15. Turkey’s financial markets are once again facing testing times. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

A dovish Fed and other central banks could save emerging markets from a repeat of last year’s turmoil

  • While emerging markets are under renewed pressure from similar factors that were behind last year’s rout, central banks seem more accommodative this year. However, a change in investor sentiment could lead to rapid outflows from the asset class

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A couple sell food for feeding pigeons in front of the Caglayan courthouse in Istanbul on May 15. Turkey’s financial markets are once again facing testing times. Photo: AFP
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