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2023 Top 500 ranking: 39

Are Cheap Burgers in Emerging Markets a Good Sign for Investors?


Investors in emerging markets (EM) have endured a decade of poor performance. But things may be changing. Based on The Economist magazine’s data comparing hamburger prices across countries, many EM currencies look cheap today—as they did 20 years ago before an extended rally of EM stocks and bonds.

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