Macro minutes: Emerging markets and the Covid crisis

How have emerging economies weathered the Covid storm? This week on Macro minutes, we look across Latin America, Russia and Asia to understand the different challenges facing emerging markets along the road to recovery.

Welcome to another installment of Macro minutes. In this episode, our host Stephanie Kelly is joined by two of our emerging market economists from the ASI Research Institute, Robert Gilhooly and Edward Glossop. Together, they discuss the Covid-19 crisis from the perspective of emerging markets and the implications of the crisis on future growth prospects.

Part 1 begins by explaining the EM experience of the pandemic versus DMs before focusing on Latin America to discuss the political implications of the crisis.

Part 2 gives an update on Chinese and Russian vaccine diplomacy and the impact of the Biden administration on Latin America and China.




Foreign securities are more volatile, harder to price and less liquid than U.S. securities. They are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries.

Projections are offered as opinion and are not reflective of potential performance. Projections are not guaranteed and actual events or results may differ materially.



The value of investments, and the income from them, can go down as well as up and you may get back less than the amount invested.