Global reset is testing emerging markets – Gopinath

Emerging markets are facing vulnerabilities exacerbated by tariffs, the International Monetary Fund’s first deputy managing director has said. In a speech on May 7, Gita Gopinath pointed to emerging economies’ dependence on external financing from foreign non-banks, such as insurance companies and investment funds. She expressed concern that capital outflows from these non-banks during periods of stress appeared to be increasing in both volume and speed.

If inflation risks materialised, Gopinath