The decade-long outperformance of developing-nation assets has ended, according to the Goldman Sachs Group Inc. economist who predicted the rise of the biggest emerging markets in 2003.
Goldman Sachs Group Inc. , Wall Street’s most profitable investment bank, promoted Jan Hatzius and Dominic Wilson to oversee its global economics research division, succeeding Jim O’Neill .
Price pressures are pushing emerging-market central banks from Russia to China to raise interest rates this year, tarnishing the appeal of their stocks and increasing investor interest in the U.S.
The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output.
The global economy is rebooting for “Great Moderation 2.0.”
Brazil, South Africa, Turkey and Ukraine are the emerging markets most at risk of a “sudden stop,” in the view of Morgan Stanley.
"While we also think there is a real downside risk scenario in the Euro area, we are not convinced that the market is adequately reflecting the prospect for U.S. growth over the next few months."
- Dominic Wilson on Nov 19, 2014