Alexis Karklins-Marchay, Co-Leader of the Emerging Markets Center at Ernst & Young comments on the rapid-growth markets forecast.
The global economic environment has deteriorated since the start of this year — impacting on the outlook for rapid-growth markets (RGMs) exports and their ability to attract foreign direct investment (FDI) — but this will be a temporary phenomenon.
- Majority of RGM economies have scope to loosen policy to boost growth
- Rising commodity prices and US QE3 could create new inflation pressures.
- Indonesia, Turkey and Vietnam rising stars among RGMs