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Emerging markets not producing oil face severe harm from war, Chris Kapsaroff notes

Emerging markets not producing oil face severe harm from war, Chris Kapsaroff notes
Emerging markets hit by war impact

Chris Kapsaroff, industry influencer, highlights that emerging markets which do not produce oil are facing extremely hard collateral damage due to war. He also mentions that the International Monetary Fund (IMF) outlook was even more challenging for these nations.

The statement points to the economic difficulties experienced by oil-importing emerging markets as a result of global conflict and supporting commentary from the IMF.

Recent conflict has added pressure to global supply chains, with Diane Swonk previously noting that the Iran situation is causing disruptions and higher U.S. freight costs in her analysis of mounting shortages and rationing. Swonk has also observed that Gulf countries have increased their financial influence through sovereign wealth funds. These developments provide context to mounting headwinds for oil-importing emerging markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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