Emerging Markets May Outperform U.S., Citi Private's Peng Says

The video discusses the impact of a strong US dollar and higher borrowing costs on emerging markets, leading to capital outflows to the US. It highlights central banks' dovish stance, with the Fed expected to slow down rate hikes and balance sheet unwinding, and the ECB considering TLTRO. This environment reduces borrowing costs and extends the business cycle, offering investment opportunities in high-yield markets like Indonesian bonds. The video also explores the potential delay of the next recession to 2021 due to central banks' actions.

What are the implications of lower borrowing costs for emerging markets?

What is the consensus regarding the timing of the next recession based on recent economic trends?