Emerging markets averting global recession - Hexam

clock

The strength of emerging markets is the only thing preventing a full-blown global recession, Hexam's Marina Akopian believes.

Akopian, the Hexam EMEA Absolute Return fund manager, says cash-rich emerging market players are currently asserting unprecedented influence over large Western economies and corporations. She points to the recent woes of US giants Freddie Mac and Sally Mae which have been substantially financed by the Russian Government. The emerging markets contribution to global growth is expected to reach 61% this year, up from in 47% in 2007. Akopian feels Russia, Latin America and parts of Asia are in a strong position to weather the US slowdown, as only 19% of emerging market exports now go to Amer...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 25 March 2024 • 5 min read
'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read