2009 GDP growth of emerging markets
Posted on 20 October 2009
The IMF just released an analysis on Latin America that includes the following chart:
Remember it is the emerging economies (particularly China, India and Brazil) that are expected to lead the developed world into recovery. And certainly in a relative sense they are expected to outperform their emerging market peers for 2009. From an Australian standpoint, we’d love to see China maintain a 8% p.a. growth rate (though as noted previously, it looks pretty tough without more of money from the government) – followed by the emergence of India and even closer to home, Indonesia.
(Don’t think I’ll be taking that ferry ride around the Baltic states anytime soon though.)
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