BlackRock: Turkey, Pakistan Economies ‘Overheated, Currencies Overvalued’

May 31, 2018 (BE2C2) — BlackRock, the world’s largest fund management firm says three countries that they are either avoiding or in some examples have shorts in their portfolio are the Philippines, Turkey, and Pakistan. Reason: these countries’ economies are overheating, or they think the currencies are substantially overvalued or both – Pakistan Rupee has […]