Macro Analysis /
Global

IMF downgrades growth expectations for emerging markets

  • July WEO update leaves its 2021 global growth forecast unchanged, with AE revised up 0.5pp and EM revised down 0.4pp

  • Divergence driven by greater vaccine access and policy support in AE, leading to two-speed recovery

  • Inflation seems transitory and financial conditions are still loose, but risks for both are higher in EM

IMF downgrades growth expectations for emerging markets
Patrick Curran
Tellimer Research
28 July 2021
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