Asia's emerging stock markets are anticipated to be a better investment alternative next year because of inexpensive prices and economic recovery, while the US markets will face high volatility as a result of slow economic growth, say senior analysts.
Speaking at a forum hosted by SCB Chief Investment Office, analysts predicted Asian emerging markets, especially China and Vietnam, to have a brighter outlook for securities investment in 2023, compared with developed markets in which a mild recession could stunt economic activities.
The US economy is projected to grow only 0.4% next year, with the first two consecutive quarters posting negative growth, prompting the Federal Reserve to increase interest rates, said Charnwut Roongsangmanoon, assistant managing director at MFC Asset Management.
