Positive outlook for emerging markets
The economies of the so-called BRICs are reeling from the upheavals of the commodities market, but there is hope yet, analysts say
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Roundtable panellists
Moderator: Anthony Rowley, Tokyo Correspondent, The Business Times
AFTER several decades of being stars in the investment firmament, emerging markets appear to have fallen to earth, with China suffering the most spectacular burnout. The World Bank noted recently that emerging market growth has halved in the past few years and that this is unlikely to be a temporary phenomenon. Under certain scenarios, emerging market growth could even come to a "stop", the bank suggested. Meanwhile, the Institute of International Finance says that emerging markets are "ageing prematurely" and are now past their best. The Business Times convened its panel of leading economists to look at what is going on and to tell what it all means for investors.
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