Emerging Market Investor Says IMF Forecast Just One Forecast

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.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza