It's not been smooth sailing for emerging markets, but growth can be found in unexpected places.
With Russia imploding and China slowing, investors should look at much smaller countries, with Central Europe providing a cornucopia of opportunities. Here are some bright spots: Hungary, Romania, Poland, the Czech Republic. They are all oil importers and among the worst-hit during the 2008 financial crisis. In Asia, there is also Vietn am, that stands out for the same reasons.
While analysts fret about the economic prospects of Brazil and China, these net consumers of oil have benefited from the collapse in crude prices in the past year.
These 'select five' have posted faster rates of economic expansion over the past year than the average rate since 2010, according to a Bloomberg analysis of International Monetary Fund data. For the rest of the emerging-market universe, growth pickup over the last 12 months was slower than their average since 2010.
Liam Carson, assistant economist at Capital Economics in London, drew attention to this pattern in a report.
It's not been smooth sailing for emerging markets, but growth can be found in unexpected places.With Russia imploding and China slowing, investors should look at much smaller countries, with Central Europe providing a cornucopia of opportunities. Here are some bright spots: Hungary, Romania, Poland, the Czech Republic. They are all oil importers and among the worst-hit during the 2008 financial crisis. In Asia, there is also Vietn am, that stands out for the same reasons.While analysts fret about the economic prospects of Brazil and China, these net consumers of oil have benefited from the collapse in crude prices in the past year. These 'select five' have posted faster rates of economic expansion over the past year than the average rate since 2010, according to a Bloomberg analysis of International Monetary Fund data. For the rest of the emerging-market universe, growth pickup over the last 12 months was slower than their average since 2010. Liam Carson, assistant economist at Capital Economics in London, drew attention to this pattern in a report.
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