Weekly Economic Briefings - Emerging Markets Weekly Economic Briefing
Emerging Markets (EM) enter 2022 facing a resurgent pandemic, threatening some softening in demand in Q1, alongside continued supply-chain disruption. Apart from China, most governments have not tightened Covid-related curbs to any significant degree so far, but we have turned more cautious in the short term, lowering our 2022 GDP growth forecast for EM to 4.6% (down 0.1pp from a month ago). We estimate output grew by 6.7% in 2021.
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