Our Emerging Markets Chart Pack has been updated with the latest data and our analysis of recent developments.
Although EM growth held up well in H1, growth will disappoint over the coming quarters. Recent upside inflation surprises have pushed back the timing of rate cuts in some places, but we expect the EM monetary easing cycle to broaden out in H2. Strong wage pressures in Latin America and Emerging Europe will limit how quickly inflation falls and how far central banks there can cut interest rates. Both inflation and interest rates are likely to be a lot lower across much of Asia, where wage pressures are less acute.
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