The default rate will decline to 3.3% by the end of Q1 2025, far below the peak of nearly 15% at the end of 2022 which was driven by the Russia-Ukraine war and China’s property market woes.Guest: Yang Liu, Vice President - Senior Analyst, Moody's RatingsHost: Scott Phillips, Associate Managing Director, Moody’s RatingsRelated Research:<ul><li><a href="https://www.moodys.com/research/docid--PBC_1394924">Corporates – Emerging Markets: EM corporate default rate will fall further in 2024 and approach advanced economy rate</a></li><li><a href="https://www.moodys.com/research/Default-Trends-Global-Annual-default-study-Corporate-default-rate-to-Sector-In-Depth--PBC_1395606">Default Trends – Global: Annual default study: Corporate default rate to moderate in 2024 but remain near its long-term average</a></li></ul>

Frontier markets: higher risk, higher potential returns

Moody’s experts from around the globe and external guests join hosts Scott Phillips and Vittoria Zoli discuss macro, financial and credit trends shaping the world of emerging markets. Published by Moody’s Investors Service.