Emerging from the shadows

Caroline Gorman & Paul McNamara from Julius Baer say growth in emerging markets is outstripping growth in the developed world.

Emerging markets are stronger now than they have been for years, yet this has not given them immunity from the global financial crisis. However, EM growth rates are outstripping those of the developed world and look set to continue into 2010 Concern about eurozone sustainability is affecting risk appetite across the spectrum. While this might change now the rich countries of the EU have stepped in to bail out Greece, which might allay fears about other faltering economies of the zone, emerging markets have not been immune to the malaise created by the crisis. This seems incongruous. E...