AbigBiz > Trade Study > ArticleTrade Study
African nations may be the new Brics
ABigBizApr14, 2020【Trade Study】 ℃ Leave a Reply
The emerging market slowdown is affecting some countries worse than others, with comparatively resilient growth in African and the Middle East now attracting serious attention from the financial salesmen whose job it is to keep the investment dollars flowing.
Brazil and Russia's growth has been especially sluggish since emerging markets boomed in 2004-2008, according to data supplied by London research consultancy Capital Economics.And while emerging Asia remains the fastest growing developing region, "growth has held up best in in the Middle East and Africa," Capital Economics economist Daniel Martin finds.That will be music to the ears of those bankers and consultants who are currently fishing out old China research notes from 2006, substituting the word "Africa" throughout.Africa is the next frontier for emerging market investors, according to some analysts, because the development of the middle class is expected to lift off.Many African nations also have young populations, as recent research from Moody's pointed out.This is a well-worn narrative that the financial industry applies to poor countries. But Multinationals are getting excited. Manufacturers such as Ford and Nissan are approaching this part of the world with a level of enthusiasm they once reserved for China.
The good sentiment is also translating into money flows. The Somali shilling has gained 30 per cent in the last six months. In the last three months, Egypt's EGX 30 has returned 9 per cent and the Nigerian Stock Exchange All Share Index is up 7 per cent.Of course, as with many emerging markets, there are those thorny issues of weak institutions, organised crime and corruption. But in developing world investment cycles, talk of such issues comes after the initial rush, once growth rates slow and cross-border deals turn sour. For now, the excitement seems to be warming up.
Brazil and Russia's growth has been especially sluggish since emerging markets boomed in 2004-2008, according to data supplied by London research consultancy Capital Economics.And while emerging Asia remains the fastest growing developing region, "growth has held up best in in the Middle East and Africa," Capital Economics economist Daniel Martin finds.That will be music to the ears of those bankers and consultants who are currently fishing out old China research notes from 2006, substituting the word "Africa" throughout.Africa is the next frontier for emerging market investors, according to some analysts, because the development of the middle class is expected to lift off.Many African nations also have young populations, as recent research from Moody's pointed out.This is a well-worn narrative that the financial industry applies to poor countries. But Multinationals are getting excited. Manufacturers such as Ford and Nissan are approaching this part of the world with a level of enthusiasm they once reserved for China.
The good sentiment is also translating into money flows. The Somali shilling has gained 30 per cent in the last six months. In the last three months, Egypt's EGX 30 has returned 9 per cent and the Nigerian Stock Exchange All Share Index is up 7 per cent.Of course, as with many emerging markets, there are those thorny issues of weak institutions, organised crime and corruption. But in developing world investment cycles, talk of such issues comes after the initial rush, once growth rates slow and cross-border deals turn sour. For now, the excitement seems to be warming up.
- END -
Finished browsing? You can ask me to comment and Leave a Reply!
Leave a Reply!
Other articles
- How to select the Keywords on the B2B Website
- Chinese data defy slowdown forecasts
- 5 Technical customer acquisition 2016 Top B2B
- What Guaranteed can B2B give to us
- Funny thing of Foreign trade
- The strategy for the B2B website keywords SEO
- Notes of doing business with Indian
- New mission for Internet Enterprise
- Risk analysis and prevention of African trade
- The Garbage B2B Websites
Related news
-
Ebola Virus Reduces Import of Bauxite
Recently, there have been confirmed cases and suspected cases of the Ebola virus ... -
The Garbage B2B Websites
TradeB2B concern B2B industry for many years, during which our experts have to pe... -
Risk analysis and prevention of African trade
Africa is the area that most countries are agricultural-orieted. So for the pesti... -
Analysis the lifeblood for the b2b industry website
For more b2b companies,seo is the main way for them to collect the resource,it wi...
Leave a Reply
- 全部评论(0)
说点什么吧
还没有评论,快来抢沙发吧!
Popular this month
Recommended
-
As for the foreign trader, we usually need to negotiate and communicate with the ...
-
Russian market has been a big chance for foreign trade salesmen because in recent...
-
Hello everyone! Today I would like to introduce some useful and daily apps in Ind...
-
As we all know, the hot products play an important part in the development of a s...
Tags
You love
- 10 Sentences That Will Make You Smile
- How to Maintain Your Old Customers?
- Tips for Final Fighting in 2016
- How to Write Claim Letters
- I Was Just the Tool
- What Are You Going to Ask
- Analysis Helps You Win Order!
- What's Wrong With Your Quotation?
- African nations may be the new Brics
- Unfathomable Foreign Trade