On this week’s podcast, we return our attention to emerging markets, highlighting opportunities beyond the BRICs in EMEA- Europe, Middle East and Africa. Business Monitor’s Head of Country Risk and Financial Markets Justin Patrie, discusses the outlook for Egypt, Ghana and Turkey with Mark Schaltuper, Head of Europe Analysis, Liz Martins, Head of Middle East [Read more...]

 

 Standard Podcast [14:35m]
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Last year, I mentioned that if Emerging Markets are truly to dominate the 21st century, then they would have to capture the world’s imagination through ‘soft power’, which I defined to mean cultural appeal. While I expect this will be a long-term process, evidence of Emerging Markets’ ability to transform Hollywood was apparent in a [Read more...]

Mexico’s Cemex, one of the top three cement producers in the world, has reported disappointing H1 2010 results, posting a net loss of US$642mn for the period. Although the results offer little in the way of optimism for the performance of the construction industry, they do align well with the BMI infrastructure team’s core views [Read more...]

BMI’s newest core view is that private healthcare spending as a percentage of total healthcare expenditure in emerging markets will decrease over the medium term. Governments in these countries increasingly appreciate the value of a healthy population and are boosting investment in medical services, such as pharmaceuticals, diagnostics, doctors, nurses, clinics and hospitals.

Notable public sector [Read more...]

Over the past several weeks we have heard about the gloomy outlook for consumer demand in developed markets. Household deleveraging in the US and the growing debt crisis in peripheral eurozone states suggest that a return to robust demand levels will be hard to come by. In this context, we examine the outlook for the [Read more...]

 

 Standard Podcast [8:55m]
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My colleagues in the Global Strategy team at Business Monitor ran this chart last week, highlighting the sharp differential between German export growth to emerging markets and the developed world. Between 1999 and 2008 the proportion of German exports to emerging markets rose almost 10pps to 29.5% (according to IMF data). Over the same period, [Read more...]

Business Monitor’s bullish stance on a host of emerging market (EM) currencies in recent quarters reflects one of our core macroeconomic assumptions, namely that unprecedented quantitative easing and loose fiscal policy measures in the US in 2009 would ultimately foster significant depreciatory forces for the US dollar. While this may not be visible in the [Read more...]

 

 Standard Podcast [15:15m]
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