Emerging markets (EMs) have endured their most difficult year since the global recession of 2009. GDP appears to have expanded by about 4.8% this year, down from an average of over 6% during the past decade. Admittedly, there are some signs that the year has ended on a positive note: growth appears to have accelerated in Q4 with Emerging Asia leading the way. Nonetheless, with the major EMs struggling with structural challenges and growth in the developed world set to remain weak, we do not expect the improvement to last. Indeed, we are forecasting EM GDP growth of about 4.5% in 2013, slightly slower than in 2012.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services