Nordea's Nøddekær: US dollar impact on EMs will be short-lived

Technology adoption a key theme

We remain optimistic on the outlook for emerging markets (EM) for the remainder of 2017 and beyond.

EM economies have rebalanced significantly since the global financial crisis, as well as the ‘taper tantrum' in the summer of 2013. EMs are expected to deliver strong growth over the medium to long term, with considerably less debt relative to developed markets peers.  In addition, most external balances are in good shape and currencies appear fundamentally cheap. We see a number of positive trends developing in EMs for investors to benefit from over the coming years. For example, the urbanisation trend continues to progress solidly within many Asian countries, particularly in Indi...