In spite of concerns over inflation and monetary tightening, Pimco remains positive on emerging...

|By:, SA News Editor

In spite of concerns over inflation and monetary tightening, Pimco remains positive on emerging market economies, expecting their corporate profits to grow by 10-12% in 2011. Pimco sees larger economies such as China transitioning to a "more balanced growth model," with greater reliance on domestic consumption relative to exports.