Are they straws in the wind or just passing illusions? Scattered signs of a stabilisation in emerging markets’ long growth slowdown are eliciting divergent views on whether developing world fortunes are at last starting to brighten.
Capital Economics, the research firm, used its proprietary “GDP growth tracker” data this week to show that emerging market growth rose to 3 per cent in August, up from 2.8 per cent in July.
The tracker shows a close correlation with subsequent official EM GDP data over time.
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