in this liminary interview on Asharq News with Bloomberg, World Pensions Council director Nicolas Firzli looks at foreign direct investment (FDI) dynamics for 2024 in selected Asia Pacific, Arabian Gulf and African jurisdictions.
The situation will remain “rather challenging in Egypt and Turkey… notably because of the lingering tensions between imported inflation, currency stabilization and interest rate policy” … But these large, strategically located “front-line states” bordering Russia and Israel are “simply too big to fail”.
In the coming quarters, smart money, by which we mean “large public pension funds and sovereign wealth funds” is likely to move to jurisdictions such as Indonesia, the Philippines, Saudi Arabia and Oman, “diversified economies combining political stability, low inflation and higher-than-average economic growth prospects” …. [for similar reasons] The United States and the UK should perform better than Mainland Europe in the coming quarters (to be continued)
All views & opinions cited here are simply a summary reflection of my personal perspective on the issues considered at the time of the interview, & thus do not constitute a recommendation to buy or sell any security, derivative, fund share, ETF, or any other investment vehicle