Targeting cyclical upside. Our 2021 EM Market Outlook reflects a broadening and deepening global economic recovery that should lead to EM outperformance given higher cyclical sensitivity of EM assets and pockets of undervaluation. Returns now, (difficult) questions later. With a resurgence of Covid cases in Q4, our economic growth forecasts have the flavour of 'less now, more later.'
17 Nov 2020 | 9:14pm | 46pg | Research | Economics - Kamakshya Trivedi and others
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For more forecasts and historical data, see our Erwin macro database.