(Bloomberg) -- For those predicting the rally in emerging markets wouldn't last, there's been a flip in the fundamental outlook that's worth considering. Analysts boosted profit projections for companies in the MSCI Emerging Markets Index by the most since 2011 in the third quarter. Corporate earnings will climb by $3.99 to $73.41 per share on average in the next 12 months, the first increase in more than a year and the highest forecast since November 2015.
To contact the reporter on this story: Srinivasan Sivabalan in London at ssivabalan@bloomberg.net.
To contact the editors responsible for this story: Daliah Merzaban at dmerzaban@bloomberg.net, Stephen Kirkland
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