As we enter 2023, many emerging markets are showing promise.
China's pivot away from its zero-Covid policy could lead to an increase in "revenge spending" in the initial phase of economic reopening. A recovery in Chinese growth could spur growth in Asia as well, given it is the largest driver of economic activity in the region. The Middle East is also experiencing an upturn in consumption due to the spill over from high energy prices. Brazil, Chile and Indonesia have paused or scaled back interest rate hikes. Stock Spotlight: ICICI Bank piques interest of EM managers This could revive consumption and spur economic growth as inflation s...
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