Dr. Win Thin provides an in-depth profile of several Emerging Market countries, including South Africa, Turkey, Mexico, Brazil, China and South Korea, the latter displaying sound fundamentals and representing the bright spot of the group.
We describe the weight of downgrade risks, murky politics and lower oil prices that other countries in the group are feeling.
“Favorable South Korean fundamentals should support the won. S&P recently upgraded Korea one notch to AA with a stable outlook, citing its sound fiscal position and flexible fiscal and monetary policies.”
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