Posted 1/17/2024, 1:56:00 AM
Emerging Markets Outpace Developed Economies Amid Diverging Growth Trajectories
- Divergence between emerging and developed markets continued into end of 2023, with faster growth among emerging economies
- Key driver was difference in demand conditions and degree of price inflation between regions
- Emerging markets saw business activity and new orders expand faster than developed economies
- Developed markets still face cost-of-living crisis and supply chain issues affecting growth
- Fate of emerging markets tied to mainland China's economic performance at end of 2023