The worst may be over for emerging markets3 min read . Updated: 09 Jan 2023, 11:16 AM IST
Capital flows in the EMs remained subdued in CY22, and lower than the historical average.
A heady cocktail of rising interest rates, strong US dollar and elevated geopolitical tensions made emerging market (EM) assets unattractive to foreign investors in CY22. In a flight to safety, foreign institutional investors (FIIs) shunned EMs.
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