Outlooks 2022



Emerging Markets Outlook: No one-size-fits-all recovery in 2022

After a turbulent, pandemic-induced 18 months, credit conditions for emerging markets are finally set to stabilize in the year ahead. Find out why the ability to adapt to climate change effects while simultaneously navigating rising political and social risks shape our outlook across regions, sectors and asset classes in the year ahead.

Credit conditions are expected to stabilize in the new year, but high leverage and deteriorating financial conditions will increase credit risks for weaker emerging markets.
Ariane Ortiz-Bollin
Vice President, Senior Credit Officer
Moody's Investors Service

Emerging markets debt accumulation was larger, faster and broader in the past 10 years than previous decades