世界の金融市場から、開発、通貨、経済活動をめぐる問いへ。
主な各カテゴリーの最近の掲載分から、日本語の概要を追加しています。原典のタイトルは原語のまま掲載し、未翻訳の概要は英語で表示します。
606 件
英語の概要です。日本語版は順次追加しています。
January brought the strongest start to a year in the tracker’s record, with emerging market portfolio inflows estimated at $98.8 billion in the February release. Both bonds and equities attracted capital across regions. New issuance, favorable dollar conditions and resilient local debt markets supported the acceleration despite geopolitical uncertainty.
論文を読む英語の概要です。日本語版は順次追加しています。
Global growth in 2026 increasingly depends on a US expansion powered by productivity and investment in artificial intelligence. Yet stronger output does not translate proportionately into jobs. Capital intensity, semiconductor concentration and policy frictions reshape the expansion, while geopolitical risks operate through confidence and asset pricing. The result is growth with a weaker employment footprint.
論文を読む英語の概要です。日本語版は順次追加しています。
Improved repayment capacity helps explain why emerging market sovereign spreads have narrowed even with elevated US yields. Stronger balance sheets and favorable rating changes point to declining credit risk rather than a rally driven solely by easier global rates. As returns from carry mature, the analysis anticipates a possible rotation of inflows toward issuance in foreign currencies.
論文を読む英語の概要です。日本語版は順次追加しています。
Emerging market portfolios ended December with $36.7 billion in inflows, reversing November’s $5.4 billion withdrawal. Bonds accounted for most of the recovery, attracting $29.4 billion, while equities received $7.3 billion. Asia and Latin America led the rebound, with debt providing the more dependable source of demand as equity investors remained selective.
論文を読む英語の概要です。日本語版は順次追加しています。
The direction of the 2025 economic cycle proved more predictable than its timing. China’s repeated recovery trades faded, while emerging market resilience relied more on domestic foundations than expected. Europe and Japan moved through uneven stages, requiring reassessment. Low volatility and a relatively contained dollar range persisted despite geopolitical uncertainty, pointing to structural forces beneath the headlines.
論文を読む英語の概要です。日本語版は順次追加しています。
Looking back at 2025 reveals where familiar indicators obscured deeper change. Tariffs endured but reached prices unevenly, and strong emerging market debt returns complicated currency signals. Domestic reforms supported resilience, artificial intelligence gained wider macroeconomic importance, and divergent state labor markets challenged the picture of US stability suggested by national totals.
論文を読む英語の概要です。日本語版は順次追加しています。
Equity withdrawals tipped emerging market portfolio flows into negative territory in November. The December release estimates net outflows of $3.9 billion, as $15 billion of debt inflows could not offset $18.9 billion leaving equities. Gulf credit remained a relative bright spot, combining tight spreads with firm demand despite the broader reversal.
論文を読む英語の概要です。日本語版は順次追加しています。
The December 2025 outlook projects global growth near 3.1 percent in 2026, sustained by shifts in activity across advanced and emerging economies. Nonresident capital flows ease from their peak but remain near $1.13 trillion. China’s savings, rising resident outflows and changing commodity balances reshape where capital moves. This edition also expands country coverage from 26 to 37.
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