Macro - Weekly Briefings - Emerging Markets
Following an uncertain start to 2022 due to the Omicron wave of the pandemic, emerging markets (EMs) face new headwinds stemming from the Russia-Ukraine conflict. The impact on growth will be dramatic in Russia and Ukraine, significant in emerging Europe, and more contained, but still noticeable, elsewhere. Overall, we have cut our GDP growth forecasts for EMs to 3.7% in 2022 and 4.4% in 2023 (from 4.6% and 4.9% before the start of the war).
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