EM economic growth to slow sharply this quarter: JPMorgan

Economic growth in emerging markets is set to slow "sharply" this quarter weighed by China, Russia and the spread of tighter monetary conditions, JPMorgan analysts said on Monday.

"China’s adherence to its zero-COVID policy, Russia's recession and tightening global financial conditions are set to pull EM growth sharply lower this quarter," wrote Luis Oganes, head of currencies, commodities and EM research, and Jonny Goulden, head of EM local markets and sovereign debt strategy at JPMorgan.