The broad stability in EM credit growth in recent quarters masks a large divergence between individual countries, with an acceleration in lending in China offset by a contraction in Brazil and Russia. These divergences should narrow over the course of this year as lending growth in China cools and the pace of credit contraction in Brazil and Russia eases.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services