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DUBAI: Inflationary pressures are expected to persist for one to three years, according to a CFA Institute survey.
A large majority (65%) of respondents to the global investment professional body’s survey believed that monetary policy and supply-side constraints combine to create price pressures.
But they were very divided on whether inflation would cause central banks to restrict monetary policy accordingly (31% think central banks will switch to restrictive policy, 34% think not).
“In all markets, we are clearly seeing signs of a multi-speed recovery as well as inflationary pressures, potential reliance on monetary stimulus, tax hikes, emerging regulatory risks and questions about financial health real business, ”said Olivier Fines, CFA regional advocacy manager.
Inflation was one of many investor concerns highlighted in the survey, which also included responses from Gulf-based investment professionals.
He revealed that concerns that debtor companies would not be able to repay their loans had increased among UAE investors.
The United Arab Emirates tops the list of countries where this concern was particularly high, at 89%, according to the report, which analyzed the impact of COVID-19 on financial markets.
“Emerging economies are generally more concerned about the risk of short-term credit default than advanced economies,” he said, listing South Africa, India and Brazil as well as the Arab Emirates. United.
But this concern was also seen globally, according to the report, with a majority of 56% saying credit default risk has increased in the near term.

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