Lyon published a report highlighting the key information reaffirming this year's outlook. The traditional view holds that in a 'Trump 2.0' world, the market focuses on issues such as USA tariffs and geopolitics, posing challenges for the overall Emerging Markets; although the institution does not have sufficient empirical evidence or optimistic reasons to refute this, it believes that opportunities still exist. The institution predicts that this year's environment will be significantly more difficult for Emerging Markets than last year, but estimates that it will not be as dire as in 2022, with a target of 1100 points for the MSCI Emerging Markets by the end of this year, indicating no upward space.