Wednesday, December 26, 2007

Sixth good year too much to ask for

Emerging stock markets have had five very good years. But don’t bank on them enjoying a sixth. A combination of tighter credit conditions and rising domestic inflation will make life much tougher for many developing countries in 2008. The two biggest emerging markets—China and India—have more downside potential than upside. One of the few candidates to outperform in the year ahead is South Korea.

Mint
http://www.livemint.com/2007/12/25233821/
Sixth-good-year-too-much-to-as.html

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