Posted 3/13/2024, 3:08:47 AM
Emerging Markets See Solid Growth, Led by India and China, Though Rising Costs Loom
- Emerging markets continued expanding at a solid pace in early 2024, led by India, Brazil, China, and Russia
- Manufacturing and services activity expanded, with services outpacing manufacturing
- New orders and exports rose, pointing to sustained near-term growth
- Signs of spare capacity emerged, with backlogs and employment falling
- Input cost and selling price inflation intensified amid rising shipping costs