Skip to main content

Fragile five whittled down to three

The fragile five have been whittled down to three as economic reforms have helped to reduce the vulnerability of the Indian rupee and Indonesian rupiah to the recent bout of emerging market currency weakness. But the Brazilian real, Turkish lira and South African rand will remain particularly vulnerable to periodic sell-offs as we edge towards a first interest rate hike by the Fed.

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


Get access