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IMF updated forecasts show even faster growth in emerging vs developed: 2 charts

  • Amid overall gloomy outlook, updated forecasts for 2023 imply bigger gap between faster-growth EM and slower-growth DM

  • In Large EM, India and Indonesia, and in Small EM, Bangladesh, Kenya, Philippines and Vietnam stand out for fast growth

  • Rare unchanged or upgraded growth forecast (October vs April) for Saudi in Large EM, Iceland, Kaz, Oman, UAE in Small EM

IMF updated forecasts show even faster growth in emerging vs developed: 2 charts
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

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Tellimer Research
12 October 2022
Published byTellimer Research

Amid an overall gloomy outlook, the silver lining in updated IMF forecasts for 2023, published on 11 October, is that they imply a bigger gap between faster-growth emerging markets and slower-growth developed markets.

The stand-out faster-growth countries are:

  • Large EM: India and Indonesia;

  • Small EM: Bangladesh, Kenya, the Philippines, Vietnam.

Growth forecasts for 2023 in developed and emerging

Unchanged or modestly upgraded growth forecasts for 2023 (in the October 2022 versus April 2022 database) are rare:

  • Large EM: Russia and Saudi Arabia;

  • Small EM: Iceland, Kazakhstan, Oman and the UAE.

Change in growth forecasts for 2023 in DM and EM

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