global GDP growth from 2.9% in 4Q19 to 3.4% in 4Q20 (averaging 3.2% GDP growth in 2020). They also forecast 3.5% growth in 2021, up from an estimated 3% in 2019. This growth will come predominantly from emerging markets and, to a lesser degree, an improving outlook in Europe. The U.S. economy continues to sit on stable ground, but its pace of growth may slow down. Korea, really ? $EWY 23% vs the average firm predicting 25% wow. but is this really true. maybe put a few dollars with matthews funds. they have a dedicated s korea fund. i know one thing for sure, $EWJ is like swimming uphill (if one can even do that.) something about demographics that I have never understood.
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