Brexit's impact on EM: Should we worry?
Asia and especially Latin America look likely to be insulated, unless Brexit sparks a more global crisis.
Add BT as a preferred source
IN any discussion of the economic and market outlook, even for emerging markets (EM), it is difficult to escape the pervasive influence of "Brexit".
The market reaction to the referendum vote suggested a degree of exposure for EM, as the MSCI EM index sold off along with global equity markets, falling around 3.5 per cent on the day after the vote (though note that this was a smaller fall than the overall developed market or European indices). Currencies also weakened slightly, though these losses have begun to retrace.
While it seems unlikely that EM economies will be anywhere near as badly impacted as the UK or even Europe, it is possible to envisage a few channels through which this could affect them.
Share with us your feedback on BT's products and services
