'Better macro backdrop' is needed for EM earnings to improve

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Fabiana Fedeli of Robeco
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Fabiana Fedeli of Robeco

The worst case scenario for emerging market (EM) equities has started to unfold, turning a potentially positive outlook around by 180 degrees.

Since February, as the impact of US President Donald Trump's tax cuts rolled over, the 2019 earnings growth outlook for EM equities surpassed that for US equities. Although by a small margin, this was...

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