Citigroup: situation in developing markets will get worse
15 October 2008American bank Citigroup has warned about the further deterioration of a situation in developing markets the nearest months, especially in the countries with unstable political situation.
Representative of City Private Bank in Asian-Pacific region recommends investors to put means in those sectors of economy, which show the greatest stability, such as public health services, the municipal enterprises and an infrastructure, and to diversify investments.
According to Bank’s representatives in the nearest some months there will be difficulties with everything, connected with developing markets. That the geopolitical situation in this region is far from ideal, as for example in Thailand and Russia only aggravates a situation.
The expert has admitted that advice to invest in Asian and other developing markets was one of the worst recommendations of bank to clients for last year.
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