For instance, notwithstanding progress on negotiations between the United Kingdom and the European Union, uncertainty regarding the possible final outcome has not dissipated. In addition, the potential for problems in other countries or regions, such as North Korea or the Middle East, lingers. And one must add to this the possibility of further actions aimed at obstructing trade flows, particularly in the United States.
In a context of strong risk appetite and a generally favorable economic outlook, emerging economies have continued to attract substantial capital flows.