8 6 4 2 Dot-Com - 1982 1984 1986 1988 199 1992 1994 1996 1998 2 22 24 26 28 21 198 :
25M5 25M9 26M1 26M5 26M9 27M1 27M5 27M9 28M1 28M5 28M9 25 2 15 1 5 27 1 : 25M1
12 1 1.3: Corporate CEMBI composite 8 6 4 2 1/2/27 5/2/27 9/2/27 1/2/28 5/2/28 9/2/28 Sovereign EMBIG composite
25M1 25M5 25M9 26M1 26M5 26M9 27M1 27M5 27M9 28M1 28M5 28M9 24M9 24M5 4 3 2 1 : Dealogic Analytics. 24M1
6. 4.5 27-Q4 28-Q1 28-Q2 28-Q3 3. 1.5. -1.5-3. United States Euro Area Germany Japan :
6 4 GDP 2 2-I 21-I 22-I 23-I 24-I 25-I 26-I 27-I 28-I :
1,5 1, 5-5 -1, -1,5-2, Q2-27 Q3-27 Q4-27 Q1-28 Q2-28 Total Assets Household Real Estate Financial Assets Equities, Mutual funds
4 3 2 1-1 21 22 23 24 25 26 27 28 29 21
3 25 2 15 1 5-5 -1 Jan-6 Jun-6 Nov-6 Apr-7 Sep-7 Feb-8 Jul-8
2 15 1 5-5 Jan-6 Jun-6 Nov-6 Apr-7 Sep-7 Feb-8 Jul-8
4 3 2 1-1 1992 1994 1996 1998 2 22 24 26 28
8 7 6 5 4 3 2 1 21 22 23 24 25 26 27 28 29 21
9 6 --HICP 3-3 Jan-6 May-6 Sep-6 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8
12 9 6 3 OECD Jan- Jan-1 Jan-2 Jan-3 Jan-4 Jan-5 Jan-6 Jan-7 Jan-8
12 9 26 27 28 6 3-3 -6 Export growth Industrial production Median inflation Median policy rate Terms of GDP growth trade
, 9 75 6 45 3 15 Bulgaria Poland Turkey Hungary Russia 7/2/27 1/2/27 1/2/28 4/2/28 7/2/28 1/2/28
4 3 2 1 GDP (%) 26 27 28 29 21-1 -2-3 Brazil Argentina Mexico
8 6 4 2 GDP [ ] [ ] GDP[ ] 12 1 8 6 4 2 21 22 23 24 25 26 27 28 2
2 15 1 5 OECD -5 26M1 26M5 26M9 27M1 27M5 27M9 28M1 28M5
9 8, 7 6 5 4 1976 1981 1986 1991 1996 21 26 UNCTAD, Comtrade.
12 1 8 6 4 2-2 1981 1984 1987 199 1993 1996 1999 22 25 28
15 1 () 4 3 5 2 1-5 1999.1m 2.7m 22.1m 23.7m 25.1m 26.7m 28.1m
35 3 25 2 15 1 5-5 ( 3m/3m) (12m/12m) -1 1992M1 1994M1 1996M1 1998M1 2M1 22M1 24M1 26M1 28M1
6 5 1.24: 28 4 3 2 1-1 -2 2 22 24 26 28 21
8 6 4 2-2 -4-6 -8-1 1.25: ** Oil exporters Oil importers / Food exporters ** 27 28 29 21 Oil importers Oil and Food importers
1.26: 9 15 1 3 14 12 1 8 6 4 2 High-income East Asia & Pacific Europe & Central Asia Latin America & Caribbean Middle-East & North Africa South Asia Sub-Saharan Africa
325 3 275 25 225 2 175 15 125 1 1.27: 28,, 2=1. [ ] [ ] Jan-5 Jul-5 Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 5 45 4 35 3 25 2 15 1
, 15 125 1 75 5 25 Jan-4 Jan-5 Jan-6 Jan-7 Datastream and DECPG Commodities Group. Jan-8
45 4 35 3 25 2 15 1.29:, [ ] [ ] 1, 9 8 7 6 5 4 1 5 Jan-5 Jul-5 Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 [ ] 3 2
1.3: 6 SYC JOR 4 ARG KAZ VEN -3-2 -1 1 2-2 -4-6 -8
1.31: 162 5-5 -1-15 -2 DECPG -25
199 7 1993 ICP & $25 1.45/day 25 ICP & $25 1.25/day 6 5 4 3 2 1 EAP CHN SAS IND ECA MNA SSA LAC WLT
16 8 DEV 12 6 8 4 4 DEV GDP ( ) 2 1965 197 1975 198 1985 199 1995 2 25 21
.2.15.1.5. CPI 1961 1966 1971 1976 1981 1986 1991 1996 21 26
3 25 2 15 1 5 1963 1968 1973 1978 1983 1988 1993 1998 23 UNCTAD.
6 5 4-1.3a:, 2-27 3 2 1-1 -2 2 21 22 23 24 25 26 27
15 1 5-5 2 21 22 23 24 25 26 27
complete as of 1-29
12 1 27-Q4 28-Q1 28-Q2 28-Q3 8 6 4 2 China Thailand Malaysia Indonesia
35 3 25 2 15 1 5 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8 Haver Analytics
12 11 * 1 9 8 1/1/28 4/1/28 7/1/28 1/1/28 Thomson/Datastream.
A4-4: 28 4% 6 5 Jan-Aug 27 Jan-Aug 28 4 3 2 1 Bond issuance Equity issuance Bank borrowing
() -1-2 -3-4 -5-6 Russia Ukraine Turkey Kzkstn Bulgaria Latvia Lithuania Romania Poland % change in Stock Market in Sept. and Oct., local currency % change in exchange rate versus US$ in Sept. and Oct., (-) depreciation % change in capital flow Jan-Aug8 versus Jan-Aug7 increase in JPMorgan Sovereign Bond spread in Sept. and Oct. (right axis) 6 12 18 24 3 36
16 12 8 4 Jan-6 May-6 Sep-6 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8 Croatia Kazakhstan Latvia Lithuania Poland Turkey Belarus Russia
8 6 4 2-2 -4 1992 1993 1994 2 21 22 23 24 25 26 27 28 Net-exports Prv Consumption Investment Gvt Consumption GDP
8 7 6 5 4 3 2 1 Jan-1 28 November-1 28 1627 1617 Brazil Chile Colombia Mexico Peru Argentina Venezuela
13 12 11 Argentina Chile Mexico Venezuela, RB Brazil Colombia Peru 1 9 8 1/1/28 2/15/28 3/31/28 5/15/28 6/29/28 8/13/28 9/27/28 Thomson/Datastream
12 9 6 3 Jan-6 May-6 Sep-6 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8 Argentina Brazil Mexico LAC Chile Colombia Peru
24 18 12 6-6 26 27 28 29 21-12 MENA region Oil exporters Diversified economies
2 175 15 125 1 75 5 GCC 1/1/27 5/1/27 9/1/27 1/1/28 5/1/28 9/1/28 MSCI
A13-3: 24 2 16 12 8 GCC 4 Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8
A14-4: 29 7 6 5 4 3 2 1 27 28 29 21 Oil Exporters Diversified GCC countries MENA
A15-1: - 27 9% Inward Remittances Portfolio inflows FDI inflows 6% 3% % India Pakistan Sri Lanka Bangladesh
14 13 12 11 1 9 8 7 6 5 4 3 2 1 Ghana Gabon 9/1 9/6 9/11 9/16 9/21 9/26 1/1 1/6 1/11 1/16 1/21 1/26 1/31 11/5 11/1 South Africa
A17-2: 2 16 12 8 CPI 4 Jan-5 Jul-5 Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8
A18-3: 9 8 7 6 5 4 3 2 1 25 26 27 28 29 21 Oil importers excluding South Africa South Africa Oil Exporters