dailynewsnblog
While the trend is also evident across developed markets, the challenge is particularly acute for EMs, where governments face greater pressure to shield households from fuel and food price shocks, adding to the strain on public finances and prompting investors to demand higher risk premiums on long-term debt. As fuel prices rose this year, the Philippines declared a national energy emergency, panic broke out in parts of Thailand, and tighter cooking-gas supplies prompted protests by opposition lawmakers in India.
