A number of causes for alarm
Geoffrey Wong, head of emerging markets at UBS Asset Management, looks at the latest developments in three key emerging markets.
Over the past two years, emerging markets (EMs) have enjoyed a strong return to outperformance, driven by the first synchronised global growth episode since before the global financial crisis.
Overheated global economic recovery a risk
The outperformance of emerging markets that began in January 2016 and extended through the rest of that year and 2017 has continued in the first months of 2018. Perhaps the most important driver behind this sustained strength - the first consecutive years...