Geopolitical risks linger but not all bad
Events in Ukraine and in particular Eastern Ukraine are deeply worrying and we have been arguing for some time that markets in general have been too complacent about the geopolitical risks. Therefore, we remain quite bearish on the outlook for both the Russian and the Ukrainian markets. In addition, we have revised our growth forecasts further for the Russian economy for 2014 and 2015.
However, while we are certainly concerned about a further escalation in the Ukraine-Russia conflict, we also stress that we do not think it is all bad for emerging markets in general. Read more in EMEA Weekly.
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