Emerging market outflows exceed $50 bln since outbreak

Emerging market outflows exceed $50 bln since outbreak

Funds Asset Management Corporate & Sovereign Strategy Economy & Policy Capital Markets Bonds Structured Finance Regulation Latin America Chile Colombia

Capital outflows from emerging markets have exceeded $50 billion since the start of the coronavirus outbreak on January 21, already twice as much as during the global financial crisis in 2008, the Institute of International Finance (IIF) said in a report on Tuesday. Tracking non-resident flows to and from more than 20 emerging markets, the IIF said daily outflows reached $2.5 billion based on a 28-day moving average, which dwarfed outflows during other recent financial shocks, including China's

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial