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Goldman says emerging markets' woes over

A stronger dollar and slower growth in China might prompt policy makers to allow the currency to fall with a spillover effect

Bloomberg  |  New York 

After three years of disappointment, emerging markets (EMs) are about to turn the corner, Goldman Sachs Group Inc predicts. As growth picks up and weaker currencies help alleviate economic imbalances, "2016 could be the year EM assets put in a bottom and start to find their feet," strategists led by Kamakshya Trivedi wrote in a note Thursday. "There is the prospect of improved growth and better returns, even if it is not a rerun of the roaring 2000s." The New York-based firm is joining a handful of investors who have become more upbeat about developing economies ...

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First Published: Sat, November 21 2015. 00:20 IST