Emerging Markets—Dancing to Their Own Beat


Monetary policy: With substantial progress made in bringing down inflation, emerging market (EM) central banks look set to kick off monetary policy easing cycles ahead of their developed market counterparts.
China’s slowdown: The world’s second largest economy is facing a challenging period amid weakness in the property sector. Downside risks are growing, threatening to create negative feedback loops.
Economic growth: EM growth appears resilient in the face of a slowing global manufacturing cycle and Chinese economy, but it’s uncertain if it can persist.
Inflation: Important to monitor food prices going forward as they could face upside risks from El Niño and the termination of the Russia‑Ukraine grain deal. This may delay some interest rate cuts, but it’s unlikely to derail them.
Rates, credit, and currencies: While our enthusiasm around EM currencies has abated, the outlook for EM local rates is more positive amid disinflation and central banks rate‑cutting cycles.

To continue reading this article, please login below or register today.
T. Rowe Price
T. Rowe Price

T. Rowe Price is a global asset management firm with broad investment capabilities across Equity, Fixed Income, Multi-Asset and Alternative Strategies, highly committed to excellence in service and putting client interests first. We understand that insurers have many unique considerations impacting portfolio design, and we are proud to work with many of the largest insurers in the world delivering diverse and custom solutions designed to meet those needs. Our dedicated insurance relationship managers act as an extension of your team and serve as a conduit to the T. Rowe Price organization while proactively bringing the firm’s vast resources to bear. We offer a consultative, problem-solving approach and the ability to implement solutions based on specific client objectives, constraints, and risk tolerance.

Ben Riley, Brian Rapino
Senior Relationship Managers, Insurance


100 E Pratt Street
Baltimore, MD 21202

View the contributor page

Related Articles

Register for Insurance AUM Journal

Register today to confirm your status as an institutional investor and gain access to the latest thought leadership in the industry.

  • Thought leadership delivered to your inbox
  • Confirm your status as an Institutional Investor
  • Complete CFA Continuous Professional Development requirements

By clicking submit you confirm that you qualify as an institutional investor and you consent to allow Insurance AUM to store and process the personal information submitted above.

Lost password