About this work
The October 2020 capital flows outlook anticipated a slow and uneven recovery in emerging market inflows. It linked the weakness to China’s smaller stimulus response than in 2009 and India’s deep recession, both weighing on commodity exporters. A widely available vaccine was identified as a potential catalyst for stronger flows. These were forecasts made during the pandemic, not final growth outcomes.
Abstract
The October 2020 capital flows outlook anticipated a slow and uneven recovery in emerging market inflows. It linked the weakness to China’s smaller stimulus response than in 2009 and India’s deep recession, both weighing on commodity exporters. A widely available vaccine was identified as a potential catalyst for stronger flows. These were forecasts made during the pandemic, not final growth outcomes.
Cite this work
Benjamin Hilgenstock, Jonathan Fortun, Robin Brooks (2020). CFR October 2020: A Slow and Uneven Recovery. Institute of International Finance.