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Swiss bank UBS has joined a growing band of investment houses forecasting that emerging markets will see a bumper bounce next year after their torrid 2022.

UBS’ analysts published a note on Tuesday predicting 8-12%  returns in emerging market equities in 2023 and a 2-3% rise in emerging currencies citing expectations for interest rate pressures to reduce and China easing its COVID containment restrictions in the second quarter of the year.

Published by Reuters.