Veteran emerging markets investor Mark Mobius has said the International Monetary Fund’s (IMF) recent downgrade of the world’s global growth is just “one forecast”, but admitted that he was keeping an eye on the Ebola outbreak that has plagued West Africa.
The fund manager, widely known for his $3.3 billion emerging markets investment trust, said in some regions the IMF had actually increased some growth projections, so investors should not be put off.
The IMF downgraded its 2014 global growth forecast to 3.3 percent earlier this month, 0.4 percent lower than its earlier forecast given in April and below the levels of global growth seen in 2010 and 2011, when the world’s economies were still very much recovering from the global financial crisis.
But a growing U.S economy and substantial monetary easing in Europe and Japan will create opportunities, Mobius said.
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