|
|
Article: EMERGING MARKETS: LATIN AMERICA LEADS IMPROVED EMERGING MARKETS OUTLOOK
- Article from:
- Global Finance
- Article date:
- May 1, 2004
- Author:
CopyrightCopyright Global Finance Media Inc. May 2004. Provided by ProQuest LLC. (Hide copyright information)
|
The stars appear to have aligned in favor of the emerging markets. Strong growth, easing inflation, sustainable fiscal performance and improving creditworthiness are conspiring, according to WestLB, to give emerging markets their best economic prospects in decades. Latin America is expected to be this year's star EM performer since, according to a WestLB report, economic growth for the region's top eight markets is expected to come in at 4.5%, versus last year's 1.5%. Growth in the top 10 markets in the Central Europe, Middle East and Africa region will be higher than Latin America's, at an average 5.3% this year, an encore of 2003's performance. The World Bank also predicts 3.8% growth in ...