Interest rate changes continue to be the driving force behind economic expansion and strong investme...
Interest rate changes continue to be the driving force behind economic expansion and strong investment opportunities in the emerging markets. Rate reductions in Latin America and Indonesia are spurring domestic demand, while rises in Korea are benefiting banking stocks. Michael Reynal, manager of the Principal Global Emerging Markets fund, says: "Consumer spending in both Asia and Latin America should be supported by lower interest rates and global demand for locally made goods and products." He is forecasting growth in Latin American to be 6% and Asia 4% for 2006. This compares with a g...
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