China Lags as Thailand, Russia Rank Top Emerging Market Picks
Michelle Jamrisko and Simon Flint – Bloomberg
Given the U.S.’ weariness of China’s increasing presence on the global stage and superpower status, it may be surprising to hear that China ranks 17th and last in Bloomberg’s Top Emerging Market Picks for 2021.
The report studied 17 developing markets, rating their potential based on 11 financial and economic performance indicators, including GDP growth, government debt and interest rates. Thailand came out on top, whilst Russia scored 2nd, owing to their strong potential with regards to economic outlook for 2021.
The study by Bloomberg looks at how these 17 developing markets will recoup their losses and recover after Covid-19. Read the full article and look at how the markets rank here.