Egypt is one of five global emerging / frontier markets Citi’s clients think will do well this year

Egypt is one of five global emerging / frontier markets Citi’s clients think will do well this year, the Wall Street Journal notes in its This Week on the Frontiers column. Citi frontier markets analyst Andrew Howell says investors the bank surveyed in December “are enthusiastic about the prospects for a handful of markets” including Egypt, Pakistan, Vietnam, Sri Lanka and Romania.” Nigeria is out of favour (“beset by currency weakness, capital controls and poor economic growth”). Lebanon, Argentina, Kuwait and possibly Nigeria could emerge “from recession this year, although it might be too late to restore investor interest in [Nigeria].