Why one should remain positive on emerging economies

With the exception of a few countries in very tough situations because of a severe savings shortfall or capital flight (for example Argentina, South Africa or Turkey), the situation of emerging economies must improve again, as: Dollar interest rates are not going to rise enough to trigger capital outflows from emerging countries. So emerging currencies are unlikely to depreciate again, despite the increase in their debt ratios; Rising prices for all commodities are good for many emerging countries. The same holds for the strong recovery in global trade, driven by Asia and the United States; Faced with the slowdown in long-term growth in Europe and China, companies are going to seek to expand in faster-growing emerging countries (Asia excluding China, India, Africa, etc.).