Liddle says emerging markets are slowing but remain fundamentally resilient in the global economic slowdown.
He says: “Whatever the problems of the UK economy, and quite possibly its stock-market, there is no suggestion yet that Asian and many other emerging economies are heading for recession and investment opportunities will abound across the world.”
With the spotlight on China, Liddle says that financial mar kets risk overlooking the catch-up potential of economies such as India, Indonesia and Brazil.
He says: “These huge countries have the people and resources to emerge as strongly as China. For example, almost half India’s of population is below 20 years of age.”
Liddle says emerging economies are much better able to cope with a slowdown and are likely to rebound strongly.