Emerging-market capital flows forecast to turn negative in 2015
IIF projects non-resident inflows falling to their lowest since 2008, this time due to largely internal reasons
Tokyo
NET capital flows to emerging markets in 2015 will be negative for the first time in many years with net outflows projected at US$541 billion, the Institute of International Finance (IIF) said on Thursday in its latest report on capital flows to emerging markets.
"Emerging market (portfolio) assets have seen sharp losses in recent months," said Charles Collyns, managing director and chief economist at the Washington-based IIF.
"We project that non-resident inflows in 2015 will fall to their lowest levels since the 2008 financial crisis," the IIF said in a statement. "But unlike the 2008 crisis, the reasons are largely internal rather than external - related to rising concerns about economic prospects and policies in China, coupled w…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions