Our GDP Tracker suggests that the EM recovery has continued in recent months, driven in large part by a strong rebound in China’s economy. This has a bit further to run but we think the recovery will begin to lose steam by early next year. The Tracker suggests that aggregate EM GDP grew by 3.4% y/y in September, up from 3.3% y/y in August. What’s more, the early data point to a further acceleration in October too. Our “early reporters” Tracker – which is composed of countries that have already released October data and together account for 50% of EM GDP – points to a pick-up in EM growth last month to around 3.6% y/y.
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