Don’t write off half of the world economy
Opportunities in emerging markets
Author: Yael Selfin, Head of Macroeconomics, KPMG
Emerging markets appear to be less in vogue than they once were. The end of the commodities super cycle, a turn in US monetary policy, and a challenging economic transition in China, have all conjured doubts about the prospects for emerging economies.
Faith was particularly dented in those countries that committed one of the four ‘sins’:
• large current account deficit
• high level of dollar denominated debt