Expectations for accelerated recovery in emerging economies are growing, and international financial institutions are optimistic

TSAI

Recently, many international financial institutions have generally expressed optimism about the development prospects of emerging economies in 2024. UBS Group economists predict that emerging market assets will see a significant improvement in 2024 after a difficult start, and the full-year returns will exceed the assets of the world's major developed countries. Goldman Sachs Group economists also made similar expectations, and its emerging market asset strategy team assessed that emerging markets will perform better in 2024 than in 2023.

The report "Investing in Emerging Markets" released by UBS Group pointed out that emerging markets play a key role in the current changing global economic and geopolitical order, and Asia is the center of this "new order". As the largest economy in Asia, China's economic activities are clearly recovering thanks to its active fiscal policy and prudent monetary policy, and the annual GDP growth rate is expected to exceed the target of 5%. This not only provides a strong impetus for the development of emerging economies, but also attracts the attention of international capital. The optimistic expectations of international financial institutions are expected to further promote the development of financial markets and increase investment activities in emerging economies.