Central regions | Finance, business

Russia ranks 2nd among “Top Emerging Market Picks” in 2021

18 Dec '20
Russia ranks second in Bloomberg’s new ranking of 17 “emerging market standouts that could beat expectations next year.” Thailand tops the list, owing to its solid reserves and high potential for portfolio inflows.

The ranking is based on 11 economic and financial performance indicators including the extent of COVID-19 lockdowns; the size of external reserves relative to liabilities; the state of the current account; and the debt-to-GDP ratio.

The USRBC quoted Bloomberg as saying Russia’s high position in the ranking was mostly due to its large foreign reserves, “a strong fiscal profile,” and an undervalued ruble.

Bloomberg said emerging economies that have contained the spread of COVID-19, provided large stimulus, have low exposure to the hardest-hit sectors, and are not reliant on foreign capital “will fare better” in 2021. Russia has attributed its limited economic losses from the pandemic to a relatively small share of SMEs and the services sector in GDP.

Bloomberg also noted that, while large foreign reserves can protect emerging economies from external shocks, “elevated debt-to-GDP readings” may signal “stability risks.” Some economists expect Russia’s government debt to increase from the currently estimated 14% of GDP as the government may boost its borrowing next year to cover budget shortfalls.

Bloomberg observed that, while most emerging economies stand to gain from a global post-pandemic recovery, “structural weaknesses that worsened during the pandemic” may pose risks to some emerging markets.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: Bloomberg (3) / ranking (25) / emerging economies (0) /

Latest News: Central regions
15 Jan '21 | Technology & innovation
14 Jan '21 | Technology & innovation
12 Jan '21 | Technology & innovation

Feature stories

22 Dec '20
Chemists at the Tomsk State University (TSU) in...
20 Oct '20
The Russian market still has a strategic meaning for...
23 Jul '20
Search (News archive - 22351)

World of the Future, World of AI

Dsight Webinar
Marchmont Tech Solutions_ENG
Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Marchmont News

Latest News

14 Jan '21
The Russian Government has approved the final...
11 Jan '21
A Russian 3D-printed gas-turbine aircraft engine,...
22 Dec '20
Russian researchers have come up with a new Si...

Most read stories from last week