Emerging market GDP growth of 5.1%* in 2019 is ‘about right’ say 55.7% of survey respondents
The IMF has predicted average 2019 GDP growth of 5.1% for emerging markets. In your opinion, is this:
IMF forecast from July 2018. The IMF cut its emerging markets forecast to 4.5% in January.
As emerging markets take up an increasing share of the gains from more open global trade, some in advanced economies have questioned whether those gains are at the expense of advanced economies, and more widely questioned the very multilateral global systems on which the underlying trade and cooperation are based.
This questioning of and resistance to globalisation, however, comes at a time when global economic interdependence is greater than ever. Whether through trade, finance, knowledge transfers, migration or environmental concerns, both emerging and advanced economies, their citizens, and the supply chains which facilitate global economic activity are more dependent on multilateral cooperation than ever before. Moreover, in both emerging and advanced economies, it’s given rise to broader scepticism toward leaders, policies and institutions that have traditionally supported global cooperation.
Added to this is continued oil price volatility, tightening US monetary policy, which may leave emerging market borrowers exposed to higher repayments and currency volatility, as well as a range of structural challenges in individual emerging markets.