The great repricing of 2022: global financial markets have been caught in a highly gloomy and volatile environment since the Federal Reserve began raising interest rates in an effort to tame surging inflation (at 40-years highs).
The tightening of financial conditions has also led to a strengthening US dollar, impacting all asset classes and Emerging Markets (EM) have not been an exception. Moreover, the ongoing war in Ukraine and the Chinese slowdown have further worsened inflationary pressure (via high commodity and energy prices) and harmed economic activity resulting in a deteriorating growth outlook for next year.
You can now read the full whitepaper at the link below
