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Signs of a modest cyclical upswing in EM

Weekly investor research

19 August 2013

The past week produced solid evidence that a modest cyclical upswing is taking root in Emerging Markets. Q2 GDP growth rose in two thirds of the countries that released fresh macro data in the past week. However, country stories continue to play an important part in the broader picture. The non-Emerging Markets economic backdrop also brightened, but all eyes remain on the US treasury market.

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