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Invesco's latest Emerging Market Insights explores the evolving landscape for EM debt in 2025, highlighting key macroeconomic trends and market drivers.
• The impact of a second Trump administration on EM markets will likely mirror previous effects via USD strength, U.S. interest rates, and trade policies.
• EM central banks remain cautious amid global rate shifts, with selective rate cuts in Mexico, Colombia, Chile, and Turkey.
• Diverging country-specific dynamics create opportunities for active management.
For a deeper analysis of EM debt performance, monetary policy implications, and investment strategies, read the full report.