Nov 23 (Reuters) - A surge in capital flowing into emerging
economies has sparked Brazil and Taiwan to impose capital
controls and policymakers in some other countries are talking
of restrictions.
The Institute of International Finance (IIF) forecasts that
private capital flows will almost double over the next year,
with Asia seeing the biggest surge.
For a FACTBOX of recent hot money concerns in emerging
economies: [ID:nSP425149]
Global capital inflows from private and official sources
will double from $349 billion in 2009 to $672 billion in 2010,
the Washington-based association of financial institutions said
in a recent research note.
Emerging Asia, already the "unambiguous" leader of the
global business cycle, will continue to dominate the private
capital flow cycle, it concluded after surveying 30 key
emerging economies.
Net private flows to Asia are projected to rise from a low
in 2008 of $171 billion to $191 billion in 2009, and surge
further to $273 billion in 2010, the IIF calculates.
This summary compares emerging markets' global capital
flows by regions, and predictions for 2010. All data is from
the IIF.
-------------------------------------------------------------
CAPITAL INFLOWS TO EMERGING ECONOMIES BY REGION
(Net $ billion).
-----------------------2007-----2008-----2009f**--2010f------
PRIVATE FLOWS 1252.2 649.1 348.6 671.8
Latin America: 228.9 132.4 99.8 150.9
Emerging Europe: 445.7 270.1 20.4 179.3
Africa/Middle East: 155.4 75.3 37.4 68.7
Emerging Asia: 422.2 171.2 191.1 272.9
-------------------------------------------------------------
OFFICIAL FLOWS: 42.9 55.5 63.6 43.4
Latin America: 6.3 14.5 22.2 14.7
Emerging Europe: 4.2 20.9 39.4 16.8
Africa/Middle East: 3.7 1.5 1.9 5.6
Emerging Asia: 28.6 18.5 0.0 6.3
** (F) signifies forecast figures * IIF definitions of
emerging economies:
Emerging Asia: China, India, Indonesia, Malaysia,
Philippines, South Korea, Thailand
Emerging Europe: Bulgaria, Czech Republic, Hungary, Poland,
Romania, Russian federation, Turkey, Ukraine
Latin America: Argentina, Brazil, Chile, Colombia, Ecuador,
Mexico, Peru, Venezuela
Africa/Middle East: Egypt, Lebanon, Morocco, Nigeria, Saudi
Arabia, South Africa, UAE
Source: IIF (www.iif.com/about/article+204.php)
(Reporting by Gillian Murdoch; Editing by Neil Fullick)
((gill.murdoch@thomsonreuters.com, +65 6417 4681, Reuters
Messaging gill.murdoch.reuters.com@thomsonreuters.net))
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