NEW YORK - Major developing economies are expected to see net capital inflows this year rise by nearly a third to $903 billion, though much of that hinges on global growth holding up, a banking trade group report said.
Capital flows are a component of a country's balance of payments, alongside the current account balance and changes in reserves. Non-resident capital flows consist mostly of foreign direct investment as well as portfolio investments into stocks and bonds. Across other geographical regions, robust growth and solid macro fundamentals will drive a rebound in foreign capital flows to Asia excluding China.
In Africa and the Middle East, the IIF estimates $149 billion in net nonresident capital flows, compared to $115 billion last year, with net outflows of resident capital expected to moderate as well.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »