Emerging markets confounded the pessimists in 2014
Analysts should remember that the so-called emerging markets are all quite different and they don't move in unison
Remember how this time last year a lot of analysts were predicting that 2014 would be a bad year for emerging markets? Didn’t really happen, did it? Now I hear economists saying the reckoning they’d expected has only been postponed. It’ll happen next year instead. It’s possible, but I wouldn’t bet on it.