Central Banks' Policy Divergence Makes Global Growth More Fragile, JPMorgan Says

The transcript discusses the fragility of the global economy, particularly focusing on the impact of US financial conditions on emerging markets in Asia. It highlights the vulnerabilities of Asian markets due to rising US interest rates and corporate leverage, especially in China. The discussion also covers the progress made by Asian economies since the taper tantrum, including improvements in FX reserve management. The transcript concludes with an analysis of the yield curve's impact on emerging markets, suggesting that a pause in long-term interest rates could provide some relief.

In what ways have Asian economies improved their fundamentals since the taper tantrum?

What are the implications of the flattening yield curve for emerging markets?