In the aftermath of the global financial crisis 'quantitative easing' (QE) was unleashed to help kick start economic growth. As economies recover QE will be wound down and eventually withdrawn. This Insight assesses the likely impact of QE on the global economy and highlights the risks associated with QE taper. Turkey Indonesia Chile and Ukraine are all at risk. Commodity markets are also exposed we assess the impact of QE unwind on oil gas coal power and chemicals.