The 2018 frontier markets outlook provides predictions for frontier markets in the year ahead, including Argentina, Vietnam, frontier Europe, the Middle East and sub-Saharan Africa.
Frontier markets surged in 2017, mostly driven by a PE re-rating in the market.We remain bullish on Argentina, Vietnam, and frontier Europe, with some caveats, and add a new modestly positive view on Kuwait. We are bearish in most of sub-Saharan Africa, although our view is colored by a lack of relative upside, as opposed to outright bearishness.