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.
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.
IMF/WB Annual Meetings preview: Crisis upon crisis (Culverhouse, Curran), Oct 2022