Source for data tables: Bloomberg, JPMorgan, Gramercy. EM Fixed Income is represented by the following JPMorgan Indicies: EMBI Global, GBI-EM Global Diversified, CEMBI Broad Diversified and CEMBI Broad High Yield. DM Fixed Income is represented by the JPMorgan JULI Total Return Index and Domestic High Yield Index. Fixed Income data is as of May 21, 2020, Equity and Commodity data is as of May 22 (as of 12 Noon EDT), 2020.
Source for graphs: Bloomberg, JPMorgan, Gramercy. As of May 22 2020.
Emerging Markets COVID-19 Case Summary
Global Economic Forecasts
IMF April 2020 World Economic Outlook
Market consensus and IMF global growth forecasts are now aligned at -3.0% albeit still subject to downside risks given challenges associated with reopening strategies and lack of clarity regarding the outlook for CV-19.
Preliminary May Composite PMI data for the US and Euro Area reflect improvement albeit remain comfortably in contractionary territory. Amid gradual reopening strategies, tracking of consumer behavior and mobility will be an important leading indicator in determining the strength and timing of recovery.
Emerging Markets Sovereign Fundamentals
Emerging Markets Corporate Fundamentals
Additional Crisis Resources:
Johns Hopkins COVID-19 Case Tracker
IMF Global Policy Response Monitor
Please contact Matt Christ, Managing Director, with any questions: [email protected]
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