Public Fixed Income

Emerging Markets Debt: An Early Spring?

January 2023 – 39 min listen

Ricardo Adrogue, Head of Global Sovereign Debt and Currencies discusses the Barings' team's increasingly positive view on the outlook for emerging markets debt.

Episode Segments:

- Reasons to be optimistic about EM Debt in 2023
(04:28) - The tug of war shaping global economic growth
(07:15) - A multi-speed global economy in 2023
(08:40) - Why inflation may fall faster than expected
(14:40) - The EM rate picture and a potentially weaker dollar
(18:49) - The outlook for credit vs. rates
(20:04) - Assessing the major geopolitical risks in EMs today
(25:34) - The risk that China's re-opening disappoints
(29:16) - Why the IMF's changing view on defaults is a risk
(33:57) - Where the most attractive value lies in EM today

Links to recent papers referenced in the podcast:


Dr. Ricardo Adrogué

Head of Global Sovereign Debt & Currencies

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