Turkey’s government may loosen fiscal policy to help counter rising support for its main challenger, swelling an already-expanding current account deficit , said David Lubin , Citigroup Inc.’s chief emerging markets economist.
East European assets, worst hit by the euro region debt crisis, are bound to outperform as investors return to emerging markets and “neighborhood risk” diminishes, Citigroup Inc. said.
Inflation-adjusted interest rates are still too low in developing nations for Citigroup Inc. and Goldman Sachs Group Inc. to foresee an end to the worst emerging-market currency selloff in five years.
While Israel celebrates its anticipated emergence as a fuel-producing nation, record offshore gas discoveries are creating an unwanted side effect for the export-reliant country.
Wall Street economists are reviving a bet that the global economy will withstand the U.S. slowdown.
Wall Street’s biggest banks say the slump in emerging-market assets that left equities trailing advanced-nation shares by the most since 1998 last year will prove more than a fleeting selloff.
Hungary may be targeting an International Monetary Fund-led safety net of as much as 15 billion euros ($20 billion), Citigroup Inc. said, citing unnamed government officials.
Belarus’s ruble should be allowed to depreciate further after being devalued 36 percent last month, according to Citigroup Inc.
"In just the same way that pegged currencies became a' trendy' way to reduce inflation in days gone by, it is worth asking whether pegged currencies might become a trendy way to raise inflation."
- David Lubin on Aug 27, 2014
Citigroup’s Lubin Sees Rate Cuts Ahead for EMs