Countries that are lagging in vaccination rates such as South Africa and Russia may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB. Once the best performers of 2021, the rand and ruble were among those that knocked an index of emerging-market currencies lower in June for the first time in three months.
“Achievements in terms of vaccination will increasingly be a differentiation factor among emerging markets in the second half,” said Sebastien Barbe, head of emerging-market strategy at Credit Agricole. “The impact of the further spread of the virus variants will vary significantly depending on vaccination rates,” as well as economic and political factors, he added.
Delta variant creates emerging markets gap as outperformers hit
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Delta Variant Creates Emerging Markets Gap as Outperformers Hit
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Delta variant of Covid creates emerging market gap as outperformers hit
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Delta Variant Creates Emerging Markets Gap as Outperformers Hit
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