Asia and emerging markets sector review – improved growth outlook

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We look at what’s happened across Asian and emerging economies, how the stock markets have fared and how our Wealth Shortlist selections have performed in our latest sector review.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

11 August 2023

The first half of the year has been turbulent. Characterised by jitters in the global banking system, inflationary pressures, and rising interest rates. Amidst these challenges, there have still been moments of optimism.

The International Monetary Foundation (IMF) recently revised their 2023 GDP growth forecasts for emerging and developed markets, with upgrades across countries like India, Brazil, and Mexico. The growth outlook for China stays unchanged though, with GDP expected to rise by 5.2%.

Source: IMF, 2023

Other positive developments include India's announcement of ambitious plans to domestically produce semiconductors, positioning themselves as competitors to established global leaders like Taiwan,