Outlook for emerging markets remains mixed – Lloyds Bank
By FXStreet FXStreet (Córdoba) – Analysts from Lloyds Bank noted that many challenged lie over emerging markets that could receive some relief if global commodity prices recover.
Key Quotes:
“India is forecast to be the outperformer among major emerging market economies next year. In China, double-digit growth rates are a relic of the past. A gradual slowdown is forecast to continue as the economy reorients towards services and domestic consumption.”
“The potential for recovery in global commodity prices should provide some relief for Russia next year. However, substantial economic and political challenges remain in Brazil where its economy is expected to remain in recession.”
“Substantial debt levels remain a key risk around the world, which may limit the room for fiscal stimulus in response to any sign of slowing growth. Other risks include further destabilisation of the Middle East, which could intensify the refugee crisis in Europe and also create more tension between Russia and the West.”
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Source:: FX Street
