Macro - Weekly Briefings - Emerging Markets
After an uncertain start to 2022 due to a new wave of the pandemic, emerging markets (EMs) face new headwinds stemming from the sharp escalation of the Russia-Ukraine conflict. The impact on growth will be dramatic in Russia and Ukraine, significant in emerging Europe, and more contained elsewhere. Overall, we have lowered our GDP growth forecasts for EMs to 4.3% in 2022 and 4.5% in 2023 (from 4.6% and 4.9% before).
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