Growth was relatively strong across the EM Edge economies in 2Q. Nicolaie, Steven and Katie debate the influence that diverging growth risks in US, China and Europe has for growth in the Edge. While the US influence may predominate, fiscal and monetary policies, structural reforms and changing trade patterns (among others) enable some differentiation between Edge economies. Differing cyclical conditions in part explain why Fed easing won’t alter most Edge central banks’ reaction functions.

Speakers:

Katherine Marney, Emerging Markets Economic and Policy Research

Nicolaie Alexandru, EM, Economic and Policy Research

Steven Palacio, EM, Economics Research

This podcast was recorded on October 1, 2024.

This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4803854-0 and https://www.jpmm.com/research/content/GPS-4799145-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Global Data Pod EM Edge: US sunshine

Global Data Pod