The post-pandemic recovery takes shape

Emerging markets fixed income delivered positive total returns across all asset classes in Q2 2021, reflecting a more stable external environment. But while the global economy recovered further in the quarter, it has become clear that the rebound has been far from homogeneous, with economic activity in developed markets outpacing that of emerging markets. Read our update for our review of the latest quarter in EM fixed income, and our outlook for the different asset classes.