Election Results in Some Fragile Five Emerging Markets Calm Investors (Reuters)
Reuters has a lengthy article noting that elections in the so-called Fragile Five emerging markets, Brazil, India, Indonesia, Turkey and South Africa, had topped investors’ list of political worries for 2014. These emerging markets were deemed fragile because of their reliance on foreign investor flows to shore up government balance sheets – meaning elections would likely lead to more spending and more instability.
And while presidential elections in Brazil and Turkey are still to come, results from parliamentary elections in India and South Africa and local elections in Turkey have been greeted with enthusiasm by emerging market investors. However, some uncertainty remains ahead of a presidential poll in Indonesia while voting in Egypt and the Ukraine along with the coup in Thailand plus instability elsewhere (e.g. Nigeria) are creating new concerns.
To read the whole article, Focus switches to other emerging markets as Famous Five ride out election risks, go to the website of Reuters.
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