Emerging markets face 7-week low amid global elections

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Emerging Markets News

Patrick Zweifel,Pictet Asset Management,Chief Economist

Emerging markets (MME=F) are in the spotlight as they brace for their steepest decline in seven weeks as several national elections unfold globally. Pictet...

) are in the spotlight as they brace for their steepest decline in seven weeks as several national elections unfold globally. Pictet Asset Management Chief Economist Patrick Zweifel joins the Morning Brief to share his outlook on this development.

That you that you mentioned if we just take well, the Indian example for, for example, we We do think that while the immediate reaction is overdone because while there are various conditions that people and for foreign investors tend to underestimate in India, uh, one of the first one of the first element is that world Maine, you know, main game changing policies that had been implemented in India in the early nineties were done under a government coalition.

So if you if you just compare so the risk of having higher inflation due to a higher price of goods versus the decline in the price of services that start to be internationally traded, our view would be that well, it it's you could even think about potential disinflation globally, thanks to that increased competition on the service side.

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