Goal: construct EM country risk heatmap. Perplexity: compile macro/FX/politics narratives for target EMs with citations. Bloomberg: ECO<GO>/ECST<GO> for macro series; GP<GO> for FX and local rates; RV<GO> for market multiples; CN<GO> for political headlines. Deliverable: heatmap with scores (macro, policy, market) and watchlist.
