EMs may be under performing but the corporations emerging from them have a rosy outlook
Emerging market economies have experienced hard times of late. In India, FY13 GDP growth was the slowest in 10 years and the rupee hit a record low against the US dollar. Many foreign companies are retracting their investments and leaving the government struggling to turn back the tide. Other EM giants Brazil and China have also come under the spotlight as national growth rates plateaued and fell throughout the first quarter of 2014.
However, despite turbulent times in their home markets, the outlook for EM corporations is rosy.
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