AVEM - Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures

2024-03-14 13:15:00 ET

Summary

• Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.
• The emerging market expansion sustained into the second month of 2024, according to PMI data, extending the sequence of growth that commenced in January 2023.
• Overall, the rate of output price inflation across emerging markets remained subdued below the rolling 12-month average globally in February, despite developed market selling price inflation similarly rising in the latest survey period.

By Jingyi Pan

Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors. India remained the brightest spot in the emerging market space, though major emerging economies such as Brazil, mainland China and Russia all recorded growth as well....

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