Despite turning a corner, the global economy is still in the midst of an uneven recovery, stacked against EMs (emerging markets) disadvantaged by access to healthcare and cheap funding.
Musing about what 2022 holds is not so much a pursuit of definitive answers as it is an invitation to examine a chaotic clash of pandemic, price, policy and geopolitical risks. Conveniently, but rather clumsily, five emerging markets Asia themes for 2022 emerge.
Theme 1: Discordant recovery stacked against EMs
