Posted January 20, 2021 11:44 pm by Comments

Fiscal and monetary stimulus programmes across the world buoyed global markets in 2020 with encouraging Covid-19 vaccine trial results providing an end-of-year boost for investors. However, macroeconomic data is mixed: there has been a lower-than-expected improvement in the service sector and inequality is rising. In addition, in the absence of structural reforms, the economic damage from the ongoing pandemic will impact long-term growth prospects. Here, Federated Hermes consider their 2021 country allocations for global emerging markets. READ MORE

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