Asian emerging markets positive
Asian emerging markets represent a good option for investors in 2009, according to a new analysis released this week by Allianz.
The Allianz Dresdner Economic Research analysis claims that despite the financial crisis and economic slowdown across the globe, emerging economies of Asia will continue on a path of growth.
It forecast that the gross domestic product (GDP) of emerging markets in Asia will grow by 5.9 per cent in 2009, on the back of 7.2 per cent this year.
“No region is immune to the financial crisis,” the analysis said. “Asian economies will also see a slowdown in growth but not a contraction.”
The analysis said that Asia’s export growth would be hit considerably by the decline in consumer spending in the US and Europe but strong domestic demand, led by consumer spending, would support economic growth.”
AUTHOR
Mike Taylor
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
