JPMorgan Private Bank forecasts that developed markets will outperform emerging market equities in 2025, despite strong economic growth in regions like India, Taiwan, Indonesia, and Mexico, which are expected to yield solid returns. The bank notes that while emerging economies have averaged a nominal GDP growth of 4.3% since 2009, many domestic companies, particularly in China, have struggled with stagnant profits. Key investment factors include a robust private sector, higher EPS returns, and strong export industries, with India leading in earnings growth at 296% from 2009 to 2024.
