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EJUL - The New Emerging Market Landscape: The Single Commodity Focus Has Shifted
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As emerging markets cope with the COVID-19 epidemic, Franklin Templeton's Emerging Markets Equity team considers three new realities they see in the emerging markets today. This second post in a three-part series examines how emerging markets have diversified their economies.
In our first post in this series, we explored how emerging markets have learned from past crises to strengthen their economies and become more resilient. Part of this resilience comes from a shift in the growth drivers for many countries, which have diversified into services, technology and domestic consumption.