Macro - Weekly Briefings - Emerging Markets
Upside growth surprises in several economies in Q1 have triggered a small upward revision to our 2022 GDP growth forecast for the emerging markets (EMs), following a string of downgrades. We now see overall EM GDP expanding by 3.5% this year (versus 3.4% previously). However, with many economies facing more protracted recoveries amid persistent price shocks, we have kept our 2023 GDP forecast at 4.2%.
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