Skip to content

Emerging Markets Seen Rising in 2022, But Not Until July

  • Slowdown in inflation will be key turning point for recovery
  • Rotation to Chinese equities will be biggest theme in new year
Updated on

Emerging-market assets are set to rise in 2022 as moderating inflation and accelerating growth trigger gains, but it won’t happen until the second half of the year.

That’s the consensus among investors like Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. who spoke with Bloomberg on the outlook for developing-nation stocks, bonds and currencies in the new year. As for specifics, they are looking for a Chinese equity rally and gains in local-currency bonds in countries such as Poland, Czech Republic and Hungary.