ผลกระทบของอัตราดอกเบี้ยสหรัฐฯ ต่อกระแสเงินทุนในตลาดเกิดใหม่

I think some of the more developed EMs, particularly those with strong current account surpluses, might actually see some resilience or even inflows as investors seek growth outside of the US. It won't be a uniform outflow.

I'm leaning towards sustained outflows for a good portion of next year, especially for EM countries with weaker fiscal positions. The 'higher for longer' narrative is a significant headwind.