A slew of emerging markets will be holding elections in the coming months. Gemcorp Capital Chief Economist Simon Quijano-Evans tells Yahoo Finance Live that, in general, there are some early"green shoots" from elections in Poland and Ecuador. However, Quijano-Evans says, looking ahead,"it's going to be tough" and that emerging markets are going to be driven by the events in the Middle East.
Looking ahead, it's going to be tough. And I think that emerging markets are really very much going to be driven what's happening in the Middle East. But let's face it, year to date, spreads in emerging markets on the EM US dollar bonds, have been very flat at about 450 basis points. And it doesn't look as though that picture is really going to change very much.So if we take countries like Kenya, for example, even Ghana, which is going through a restructuring phase.
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