With 2020 just weeks away, forecasts for economic growth next year might be expected to start to coalesce around the mean, with some of the more extreme scenarios in either direction being priced out.
When it comes to emerging markets, that does not seem to be the case this time around. The IMF believes gross domestic product growth across EMs will jump from an unimpressive 3.9 per cent this year — the slowest rate for a decade and the second weakest since 2001 — to 4.6 per cent next year.
This would constitute the biggest year-on-year pick-up in growth since the rebound from the global financial crisis in 2010, and return the developing world to the sort of trend growth rates seen between 2014 and 2018.
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