According to a new report, large metropolitan cities are leading the global economic recovery, and it is no surprise that emerging market metros are showing some of the fastest growth rates. Emerging market exchange traded funds (ETFs) can help you hone in on the best of the best.
The Brookings Metropolitan Policy Program and London School of Economics and Political Science stated that the pace of recovery among global metros varied, but there is a definite shift toward lower-income metros in Asia, Latin America and the Middle east, reports Besta Shankar for International Business Times.
Metros in emerging markets reported growth rates of 2.5% in employment and 5% in income for the first year of the global recovery as most developing countries in Asia and Latin America “were scarcely affected by the recession at all, or have posted a full recovery.”
Istanbul came out first in the 30 top-ranked metros that showed a strong recovery from 2009 to 2010, followed by Shenzhen, Lima and Singapore at second, third and fourth, respectively. [Emerging Market ETFs: Where the Money’s At.]