Goldman's Shah Sees 'Tremendous Opportunities' in EM

The video discusses the initial optimism around market rallies, driven by China's recovery and the Fed's nearing end of its hiking cycle. It highlights the challenges faced due to a tougher growth path and higher capital costs. Opportunities in emerging markets are emphasized, particularly due to less coverage and focus. The influence of China's domestic spending and its limited global impact is analyzed. The video also explores the role of emerging market millennials in driving growth and the resilience of companies in these regions.

What factors contributed to the optimism around the recovery in China?

How has the higher cost of capital affected different parts of the economy?

What role do millennials in emerging markets play in driving growth?

Discuss the challenges faced by sovereigns in emerging markets.

What characteristics of companies in emerging markets contribute to their resiliency in volatile environments?