Emerging markets have endured a turbulent few months, with a sell-off in a string of economies stretching from Latin America to Asia sparking fears of global contagion.
The consumer markets of China, India and Indonesia have grown at year-on-year rates of 5.9% to 9.5%.
Europe is full of secular growth trends including digitalisation, faster growth in emerging markets, consumer loyalty to premium brands and increased health awareness.
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Impact of recent market correction
Elections and currency woes
Geopolitical impact on global markets
Trade disputes, dollar strength and extensive currency depreciation in Argentina and Turkey (both with large current account deficits) have weighed on emerging market (EM) sentiment in recent months.