Bloomberg with low opinion of Poland's prospects for 2021
23:10
Among the emerging economies, Thailand, Russia, South Korea, Taiwan, and Malaysia have the best economic prospects for 2021, according to a Bloomberg report. The report analyzed a total of 17 emerging markets and forecasted their potential for 2021.
India ranks only 11th in the ranking, despite the fact that the country performed best in terms of expected GDP growth in 2021 (+9 percent y/y). Second, in the classification of economic growth dynamics, is China (+ 8.1 percent), followed by the Philippines (+7.5 percent). Thailand came first in the ranking thanks to "strong foreign exchange reserves and great potential for capital inflows".
Russia's "strong fiscal profile and undervalued ruble" stand behind Russia's second high position. Taiwan and South Korea also have high levels of foreign reserves, and Malaysia has the second-highest potential for capital inflows.
Bloomberg analysts also point to Brazil, Turkey, and Hungary as countries whose currencies are below their real value. China came out relatively poorly in the survey, taking the last, 17th place.
The group of emerging markets also includes Poland, which was classified only in 15th place. The main factors are "weak fiscal position as well as weakening potential for the inflow of foreign capital".
