Keynote Address by First Deputy Managing Director Gita Gopinath at the South African Reserve Bank Biennial Conference: “Today, I will focus on emerging markets (EMs) like South Africa and discuss three important ways in which the external conditions they face have changed since before the pandemic. First, global financial conditions are tougher. Second, geoeconomic fragmentation is rising. Third, climate change is inflicting growing costs. Together, these changes are transforming the economic landscape and making the world more volatile and uncertain” […]