Emerging-Market Scorecard Favors Growth Stars as Trade War Bites
- Philippines, Egypt score top rank as economies remain robust
- Mexico sinks to bottom on its dependence on exports to U.S.
Pedestrians cross a road in Manila, the Philippines.
Photographer: Hannah Reyes Morales/BloombergThis article is for subscribers only.
The Philippines and Egypt have surfaced as the most resilient among emerging markets amid the trade-war angst, a Bloomberg analysis shows.
Most of the top-ranked countries have robust economic-growth outlooks, according to a Bloomberg scorecard of 21 developing economies. The Philippines and Egypt scored higher as recent sell-offs across developing markets have left their assets relatively undervalued. By contrast, Mexico, which now faces a fresh tariff threat from President Donald Trump, is at the bottom as the most vulnerable market due to its large exports to the U.S.