Mobius: Global economy will avoid double-dip

clock

Franklin Templeton's emerging markets guru Mark Mobius says the global economy will avoid a double-dip recession.

The manager also believes falling stock prices are creating buying opportunities in eastern European countries such as Hungary. "Globally there will not be a double-dip," he told Bloomberg Television today. "In Hungary, we have seen falls of 20% or more and in that kind of scenario there are great opportunities to buy from a longer-range point of view. "Their numbers are not as bad as Greece." The MSCI All-Country World Index has fallen 15% since mid-April on concerns Greece's debt crisis will spread and jeopardise economic expansion around the world. Hungary's forint fell to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read