The most significant emerging markets and especially those of Asia, are in a favorable position compared to other emerging economies and this has already started to be captured in the stock prices of those countries.

The handling of the pandemic and the proportionally smaller impact on their macroeconomic outlook, were the reasons that helped these countries overcome the pandemic and come out stronger and more competitive. Economic growth in these countries continues and even now there are very large companies, which remain significantly undervalued and make for good investment opportunities.

The expected increase in demand from developed economies (from the second quarter), but also the rapid shift to new trends in the global economy, are factors that boost the attractiveness of emerging markets. The technological transition as well as the support from the globally flexible liquidity conditions and the devaluation of their currencies, shape a very promising environment, especially if we include in it the low probability of return to “lockdown” pattern measures.

Exports of technological equipment record a sharp increase, and this leads to a rapid wound healing after the pandemic. In the short term, there is a disorder in the technological sector of China, since the conflict between government and big companies, combined with their exclusion from America, has afflicted equity values. But in the medium to long term, when circumstances are good again, today's valuations will be a thing of the past.

Given that the macroeconomic outlook of emerging markets was significantly better than that of developed in 2020, this trend is likely to continue in 2021, with emerging markets expected to attract significant investment capital.

As vaccination continues unabated, and as monetary and fiscal policy support continues, no negative surprises are expected.

In all emerging markets, growth is expected to be 8% for 2021, well above the 3.9% expected for developed economies and over 5.2% estimated for global economic growth in 2021.

In conclusion, China is expected to announce GDP of 2020, which according to estimates so far will reach 2,1% and this means that China will be the only big economy that did not incur a regression in 2021. This comparatively leads to the conclusion that in 2020 the Chinese economy has achieved its best performance for many decades, and as a result its weight in world GDP is expected to grow faster.