Macro - Weekly Briefings - Emerging Markets
We've raised our 2023 GDP growth forecast for EMs by 0.2ppts to 3.4%. But we've lowered our 2024 projection by 0.4ppts to 3.9%, primarily due to our revised China outlook. The bank stresses in some advanced economies haven't meaningfully impacted EMs so far, although a protracted slowdown in external demand will subdue EM exports for longer. A more gradual disinflationary trend is also adding downside risk to our forecast.
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