LONDON (Reuters) - Trade wars, higher global interest rates, dwindling capital inflows and various country-specific problems have made emerging markets more vulnerable than any time in the last three years, Deutsche Bank warned on Tuesday.
A new report from the German bank said the number of highly vulnerable countries also now exceeded those with low vulnerability for the first time since July 2014.
“Country-wise, Venezuela continues to suffer the most stress, followed by Philippines and Turkey,” the report said. “Russia and Mexico are least vulnerable and also feature as the most improved economies in a year.”
Deutsche added, that Venezuela’s strains were so extreme that it had not included it in its overall monitoring gauge.
Reporting by Marc Jones; editing by Karin Strohecker