Proactive approach to risk will protect squeezed returns in emerging markets
Back in February the Institute of International Finance forecast another disappointing year for capital flows into developing economies. They cited the continuing retreat of foreign investors from China, ambiguity of the direction of the Trump administration and general uncertainty over global economic outlook. Alongside headline data such as Chinese investment into Africa falling 84% in 2016, it was to be another muted year for opaque markets.
[buffett]
Fast forward 8 months and the IIF revised its prediction, announcing this year will deliver the first net...