SEB's emerging markets economist Per Hammarlund in a filmed presentation projects a broadly positive development there in 2021, assuming vaccination roll-out proves effective and world economic growth recovers.
He sees countries with an above average risk such as Indonesia, Brazil and Turkey to benefit first and relatively lower-risk countries such as Russia, Philippines and Poland to catch up later in the year.
China is by far the largest emerging markets economy and the recovery there is already well underway, albeit a bit unevenly. Retail sales and fixed assets investments are lagging. For 2021, Hammarlund projects growth of 8 per cent in China.
Watch the filmed presentation (above or link below) and read latest Emerging Markets Explorer report (link below)
Filmed presentation (in separate window)
Emerging Markets Explorer December 2020