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Emerging Markets View: 2021 Growth Outlook Remains Steady Amid Offsetting Revisions Among Major Emerging Markets and Developing Economies The Conference Board, Inc., 10 pages, December 15, 2021 Report

Emerging Markets View: 2021 Growth Outlook Remains Steady Amid Offsetting Revisions Among Major Emerging Markets and Developing Economies

The Conference Board, Inc., 10 pages, December 15, 2021
Report

The Conference Board forecast for global growth in 2021 has been revised down slightly from 5.3 percent to 5.2 percent. The slight downward revision is primarily due to lower growth rates in mature economies, while emerging economies’ growth outlook overall was not revised. Document Highlights The spread of the Delta variant and continued inflationary pressures notwithstanding, we continue to anticipate robust global economic growth for the balance of 2021 and beyond. Looking ahead, a more balanced recovery that includes consumption of in-person services, capital investment, and greater exports from the rest of the world instead of domination by high-tech and manufacturing hubs in Asia will replace the consumer demand-driven rebound we have seen so far. Growth performance among the emerging market economies in 2021 is somewhat more uneven, with offsetting revisions, including for China, Latin America, Russia and Southeast Europe (upward), and India, other developing Asian economies, and Middle East and North Africa (downward).

The Conference Board forecast for global growth in 2021 has been revised down slightly from 5.3 percent to 5.2 percent. The slight downward revision is primarily due to lower growth rates in mature economies, while emerging economies’ growth outlook overall was not revised.

Document Highlights

The spread of the Delta variant and continued inflationary pressures notwithstanding, we continue to anticipate robust global economic growth for the balance of 2021 and beyond. Looking ahead, a more balanced recovery that includes consumption of in-person services, capital investment, and greater exports from the rest of the world instead of domination by high-tech and manufacturing hubs in Asia will replace the consumer demand-driven rebound we have seen so far. Growth performance among the emerging market economies in 2021 is somewhat more uneven, with offsetting revisions, including for China, Latin America, Russia and Southeast Europe (upward), and India, other developing Asian economies, and Middle East and North Africa (downward).

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