Dubai — A jump of almost $3-trillion in stock-market valuation in 2019, currency volatility at a five-year low and bond spreads at their narrowest level in almost three years.

On the surface, emerging markets (EM) are ending 2019 with a spring in their step...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now