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Emerging markets most vulnerable to recession and political discontent

January 05, 2023
GZERO Staff
Emerging Markets Most at Risk From Global Recession in 2023, Says Eurasia Group Expert | GZERO Media

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Inflation shockwaves is Eurasia Group's top geopolitical risk No. 4 for 2023. But who is most vulnerable to the effects of rising interest rates and a looming global recession?

Emerging markets.

Why? For Rob Kahn, managing director for geo-economics at Eurasia Group, these countries are in deep trouble because they have higher debt and more subject to sudden stops of capital flows that'll make it harder for them to pay for stuff. Not to mention that the pandemic has killed any fiscal monetary policy space they had before COVID, Kahn noted in a GZERO Live conversation about Eurasia Group's Top Risks 2023 report.

Kahn also shares his thoughts on the implications of a global recession and the politics of central banks fighting it.

Read Eurasia Group's Top Risks 2023 report here.
Watch the full live conversation: Top Risks 2023: A rogue Russia and autocrats threatening the world
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