Chief Economist, Emerging Markets Fixed Income Strategy
About Natalia
Understanding the macroeconomic nuances of the emerging markets takes a keen eye, developed over years of practice. However, more importantly, the ability to translate and clearly communicate the ramifications of these trends is an innate skill. Natalia combines these qualities through sharing her daily views on the emerging markets.
My Insights
December 03, 2020
Turkey Inflation – Back with a Vengeance
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
A surprising increase in Turkish inflation will test the central bank’s recent policy U-turn. Brazil’s Q3 rebound was weaker than expected, raising more questions about the country’s ability to grow out of debt.
December 02, 2020
Brazil Recovery – A Step Back?
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
Brazil’s industrial production disappointed, raising concerns about the pace of recovery once the stimulus ends. Global food prices might be topping out, but risks remain.
December 01, 2020
EM Growth – Bullish Signs
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
The vast majority of EM manufacturing gauges stayed in expansion zone in November. Brazil’s surprising decision to increase energy tariffs points to short-term inflation risks in EM.
November 30, 2020
China Growth – Stronger Sequential Momentum
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
China’s official activity gauges point to a stronger sequential growth momentum. Turkey’s Q3 GDP bounced more than expected, but the end of cheap credit is a major headwind going into 2021.