An economic recovery is underway across emerging markets, but there are big differences in its speed and strength between regions and countries. China’s economy is making up lost ground rapidly and looks
set to return to its pre-virus path by year-end – much earlier than the consensus seems to expect. Other parts of Asia and Emerging Europe will experience solid rebounds too. Recoveries in India, Latin America, much of
Africa and the Middle East will, in contrast, be disappointingly weak and output will still be well below its previrus path by the end of 2022.
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