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- Growth among emerging market and developing economies is expected to accelerate to 6% this year, helped by increased external demand and higher commodity prices. However, the recovery of many countries is constrained by resurgences of COVID-19, uneven vaccination, and a partial withdrawal of government economic support measures.
www.worldbank.org › en › newsGlobal Economic Prospects: The Global Economy: on Track for ...
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Emerging markets outlook, October 2023 Although shifts in supply chains away from China have boosted some emerging markets, these countries may soon need to look toward domestic demand to drive economic growth as the rest of the world potentially deals with a slowdown.
The IMF World Economic Outlook classifies 39 economies as “advanced,” based on such factors as high per capita income, exports of diversified goods and services, and greater integration into the global financial system. The remaining countries are classified as “emerging market and developing” economies.
Feb 21, 2022 · Discover how emerging market economies have performed and varied since the onset of the pandemic and what outcomes and risks lay ahead. A further rise in inflation, waning of global demand for goods, and a prolonged dip in tourism may negatively impact emerging markets this year.
Jan 30, 2024 · Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. Elevated central bank rates to fight inflation and a withdrawal of fiscal support amid high debt weigh on economic activity.
Feb 7, 2023 · The outlook for emerging market economies in 2023 will largely be dictated by inflation. Eastern Europe, Latin America, and much of Africa have faced a more pronounced inflationary cycle over the last year.
Feb 18, 2022 · This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term.
Jun 8, 2021 · The World Bank Global Economic Prospects Report shows that the global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath.
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