While emerging markets suffered huge portfolio outflows at the beginning of the pandemic, the latest Global Financial Stability Report (GFSR) shows capital flows have returned and the outlook continues to improve, partly because of low interest rates in countries such as the United States.

Financial markets

Global Financial Stability and Interest Rates

FABIO NATALUCCI

April 6, 2021

Latest Global Financial Stability Report says higher interest rates could weigh on recovery in emerging markets. (Istock by Getty Images/RichLegg)

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BEHIND THE MIC

Bruce Edwards

International Monetary Fund

Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.

Rhoda Metcalfe

RHODA METCALFE is an independent journalist and audio producer.

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