A number of key economic and financial ratios in commodity-based emerging markets (CEMs) have already returned to pre-boom levels, two years after the sudden end of the commodity boom, Fitch Ratings said in its latest Global Perspectives commentary.
According to the report, Azerbaijan has benefited most from the boom among Fitch-rated CEMs since 2003.
"Taking account of economic growth, fiscal performance and external finances since 2003, Bolivia, Peru, Azerbaijan and Cote d'Ivoire benefited most from the boom among Fitch-rated CEMs, while Bahrain, Gabon, Venezuela and Suriname benefited the least," Trend cited the report as saying.
