LONDON—Emerging markets will face a “double whammy” in 2022, caught between limited growth and reduced risk appetite as a result of monetary tightening, David Lubin, head of emerging markets economics at Citi, said on Wednesday.
“EM growth will suffer for a variety of reasons to do with weakening external demand growth, lower global trade growth, and the effects of further domestic monetary and fiscal tightening in many countries,” Lubin wrote in a note to clients.
