Citi: The Growth Model of Emerging Markets Is ‘Broken’
Chinese growth and strong global trade created uniquely favorable conditions that aren't likely to repeat themselves anytime soon.
The Impact of Geopolitics on Emerging Markets
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Strategists at Goldman Sachs and Bank of America have been calling the bottom in emerging markets. But Citigroup feels differently.
In a year-ahead note, Chief Economist Willem Buiter says it's impossible to declare "EM is 'out of the woods'" just yet thanks to two major risks. The first is an interest rate hike from the Federal Reserve, which is now widely expected to occur next month. Such a move seems likely to knock back some of the investment that has been flowing into emerging markets in recent years.