There's opportunity in
emerging market debt despite growing concerns over higher credit levels and the impact of a strong dollar, the chief executive of Goldman Sachs Asset Management told CNBC on Tuesday.
Not exact matches
Amid an
emerging markets debt crisis in 1998, the Fed cut interest rates to try to guard the United States against economic fallout, which helped the stock
market gain a whopping 29 percent that year
despite the global troubles.
Interestingly,
despite the tremendous growth in
debt issuance,
emerging market economies have not become overburdened.
The EM corporate
market is still small relative to developed
markets debt outstanding
despite emerging markets countries» increasing contribution to global GDP...»