- According to the International Monetary Fund (IMF), the COVID crisis will deepen advanced economies' budget deficits by 11% of GDP (gross domestic product) in 2020, but by just 6% in emerging markets.
- As 2021 starts, government debt is expected to rise to 125% of GDP in advanced economies, compared with 62% in emerging markets.
- Forecasts indicate advanced economies' GDP will, on average, grow by 3.9% in 2021, while emerging markets' GDP will grow by 6.0% and China's by 8.2%.
For further details see:
Emerging market Debt: A Wider Range Of Opportunities, And Challenges In 2021