
Macro - Weekly Briefings - Emerging Markets
Description
Macro - Weekly Briefings - Emerging Markets
The outlook for emerging markets (EMs) remains more positive than for advanced economies (AEs). However, growth challenges are building due to the downturn in external demand, global interest rate hikes (weighing on EM currencies and policy rates), weak recovery prospects in China, and persistent high inflation. We have therefore cut our headline EM GDP growth forecast for 2023 by 0.5ppts to 2.9%.
The outlook for emerging markets (EMs) remains more positive than for advanced economies (AEs). However, growth challenges are building due to the downturn in external demand, global interest rate hikes (weighing on EM currencies and policy rates), weak recovery prospects in China, and persistent high inflation. We have therefore cut our headline EM GDP growth forecast for 2023 by 0.5ppts to 2.9%.
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