Here's what you need to know about emerging markets this week, from the WSJ
News and analysis on the frontier markets
This Week on the Frontiers, July 2017 Trade growth rates in frontier markets are picking up, according to new research from Fitch. Although economic growth in frontier markets slipped steadily from 5% in 2013 to around 3% in 2016, most of the frontier markets are now seeing faster growth in imports or exports compared with a year ago, the ratings firm said. Fitch noted that export growth from Asian markets, including Vietnam and Mongolia, has been particularly pronounced. Pakistan’s currency devalued 3% last week, surprising many who had expected a gentle slide in the value of the rupee rather than an abrupt shift. Although the sharp drop was unexpected, analysts at London-based Exotix Capital described the change as “part of an orderly management of the FX rate, not the start of a collapse.” Renaissance Capital’s chief economist Charlie Robertson was similarly sanguine but noted that the currency remains significantly overvalued — a view shared by other Pakistan watchers. The count...
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