Jahangir Aziz

Jahangir Aziz, an economist with a focus on the Asian economy and global trade, joins the conversation to dissect the ramifications of recent U.S.-China tariff policies. He emphasizes that a massive 10% universal tax and soaring tariffs on China could spell trouble for global trade stability. Aziz warns of a looming recession, discussing the intricate dynamics of international supply chains and fiscal support in China. The dialogue also touches on geopolitical tensions reshaping economic forecasts, particularly the challenges facing emerging markets.

Join Jahangir Aziz, Head of Emerging Markets Economic Research, and Jonny Goulden, Head of E&F Fixed Income Strategy, as they dive into the optimistic 2026 outlook for emerging markets. Jahangir breaks down factors like AI investment, tariff uncertainties, and regional growth forecasts, while Jonny shares insights on the potential for EM currencies and high-yield local bonds. With discussions on inflation trends, monetary policy shifts, and key market themes, they reveal why this might be a pivotal year for emerging markets.

In this insightful discussion, Dr. Jahangir Aziz, an economist at JPMorgan and former finance ministry official, sheds light on India's economic landscape. He delves into the challenges of the upcoming Union Budget amid slowing growth and weak investment, stressing how fiscal consolidation limits spending. Aziz highlights the structural nature of India's investment slowdown and reveals the impact of industry concentration on investment incentives. He calls for critical reforms in capital markets to revitalize growth and addresses the troubling disconnect between strong GDP figures and low inflation.

Jahangir Aziz, Head of EM Economics at JPMorgan Research, dives into the sluggish capital flows into emerging markets. Aziz discusses how geopolitical factors and rising U.S. Treasury yields are reshaping investment dynamics. He highlights the waning influence of the dollar as a catalyst for inflows, while stressing the need for EMs to showcase their growth potential. The impact of China as both an attractor and substitute for broader capital flows is examined, alongside the need for stability in EMs to weather economic shocks.

Jahangir Aziz, head of Emerging Markets Research at J.P. Morgan, and Jay Barry, head of Global Rates Strategy, dive deep into the shifting global economic landscape. They discuss how AI is driving growth and why tariffs haven’t significantly disrupted supply chains. Aziz outlines the U.S. economy's ability to bend without breaking, despite inflation challenges. Barry explores the Treasury market outlook, including anticipated Fed rate cuts and potential funding gaps. Together, they highlight the evolving dynamics of U.S.-China relations and the bonds market's future.