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JP Morgan Warns of Capital Exodus from Nigeria

1/24/2025

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Summary

Story summary

JP Morgan cautions that emerging economies, particularly Nigeria, may experience capital outflows due to Trump's 'America First' policies.
Last quarter saw $19 billion in net capital outflows from developing economies, with another $10 billion anticipated in early 2025.
A potential "sudden stop" in capital flows could threaten growth and stability in these regions.
This trend is attributed to a robust U.S. economy rather than a crisis in emerging markets.

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Story summary

JP Morgan cautions that emerging economies, particularly Nigeria, may experience capital outflows due to Trump's 'America First' policies.
Last quarter saw $19 billion in net capital outflows from developing economies, with another $10 billion anticipated in early 2025.
A potential "sudden stop" in capital flows could threaten growth and stability in these regions.
This trend is attributed to a robust U.S. economy rather than a crisis in emerging markets.