Emerging markets macro resilience : beware fading global tailwinds

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<title>Emerging markets macro resilience</title>
<subTitle>: beware fading global tailwinds</subTitle>
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<abstract displayLabel="Summary">Emerging markets' macroeconomic resilience has benefited from the extraordinary global stimulus rolled out in response to the COVID-19 crisis, which has eased financial conditions. As strict government containment measures continue, emerging market governments will need to rely more on their own resilience. The priority is to replenish resilience buffers as soon as possible.</abstract>
<note type="statement of responsibility">Patrick Saner, Fiona Gillespie </note>
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