Emerging Markets View: 2021 Growth Outlook Remains Steady Amid Offsetting Revisions Among Major Emerging Markets
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Economy Watch | Emerging Markets

Monthly updates on the state of the economy in emerging markets

Emerging Markets View: 2021 Growth Outlook Remains Steady Amid Offsetting Revisions Among Major Emerging Markets


August 16, 2021 | Report

The spread of the Delta variant and continued inflationary pressures notwithstanding, we continue to anticipate robust global economic growth for the balance of 2021 and beyond. Looking ahead, a more balanced recovery that includes consumption of in-person services, capital investment, and greater exports from the rest of the world instead of domination by high-tech and manufacturing hubs in Asia will replace the consumer demand-driven rebound we have seen so far. Growth performance among the emerging market economies in 2021 is somewhat more uneven, with offsetting revisions, including for China, Latin America, Russia and Southeast Europe (upward), and India, other developing Asian economies, and Middle East and North Africa (downward). 


AUTHOR

Klaasde Vries

Former Senior Economist
The Conference Board


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