×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: BofA | Robust | Emerging | Markets | Growth

BofA Sees 6.4 Percent 2011 Emerging Markets GDP Growth

Tuesday, 14 December 2010 03:07 PM EST

Bank of America Merrill Lynch said Tuesday it expects solid growth in global emerging market economies in 2011 but said it will not match the current year as imports will tend to grow faster than exports.

The firm forecast emerging markets will have economic growth of 6.4 percent in 2011, down from 7.4 percent expected for the current year. Emerging markets will make up 80 percent of global economic growth next year.

Growth will be led by robust domestic demand, yet "net exports become (a) drag on growth in 2011," said Alberto Ades, co-head of global emerging markets fixed income strategy and economics.

Inflation is expected to rise to 5.5 percent for the sector next year then moderate to 4.9 percent in 2012.

Central banks will react to inflationary pressures, Ades said, by raising interest rates and accumulating foreign exchange reserves.

"We see inflationary pressures developing next year on the back of strong growth and higher commodity prices," Ades said.

© 2022 Thomson/Reuters. All rights reserved.


FinanceNews
Bank of America Merrill Lynch said Tuesday it expects solid growth in global emerging market economies in 2011 but said it will not match the current year as imports will tend to grow faster than exports. The firm forecast emerging markets will have economic growth of 6.4...
BofA,Robust,Emerging,Markets,Growth
160
2010-07-14
Tuesday, 14 December 2010 03:07 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved