The sharp fall in oil prices will provide a welcome boost to growth in the majority of emerging economies in 2015, but at the cost of slower growth in much of the Middle East and deepening crises in a handful of EMs, notably Russia and Venezuela. The net result is likely to be that aggregate EM growth is broadly unchanged from last year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.