5.3%: this is the growth rate forecast for Asian markets1 in 2023, versus 4.0% for all emerging countries combined and 1.2% for developed countries, according to the International Monetary Fund (IMF)2.
After a particularly turbulent year for financial markets, a global economic slowdown is taking shape in 2023, driven largely by the weak growth outlook of developed countries. In contrast, emerging countries appear well positioned to recover and hence boost global activity.
Aided by better macroeconomic fundamentals, a more favourable inflationary environment than in developed countries and China’s reopening, some emerging countries offer attractive returns today for investors seeking sources of diversification. Read more>