The EM-ification of the US economy refers to how the U.S. is beginning to exhibit traits typically seen in emerging markets—rising inequality, political instability, erratic policy shifts, and massive debt loads. Kevin McCarthy raised this issue during his summit talk, warning that if the U.S. continues down this path, it could face downgraded credit ratings, higher borrowing costs, a... https://www.gulfanalytica.com/key-insights-from-kevin-mccarthy-on-global-sovereign-debt-political-polarization-and-emerging-market-trends-at-aim-summit-dubai