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<\/p>\nAfter one and a half years of slowdown, growth in emerging countries stabilised in the third quarter. The upturn in growth in Latin America, driven by Brazil, and in emerging European countries, thanks to Russia and Turkey, offset the slowdown in growth in Asian countries, particularly China and India.<\/p>\n
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Over the last few quarters, growth in emerging countries has been slowed by multiple factors, both global (trade war, slowing global trade and the manufacturing sector) and specific (downturn in non-bank loans and elections in India, monetary tightening in Turkey, etc.).<\/p>\n
These factors will probably be less significant than in 2020, or at least not as intense. The partial agreement between China and the US limits the risk of a new escalation in trade tensions, India has taken measures to support growth, monetary policies have eased in many emerging countries, and the election calendar will be relatively thin.<\/p>\n
All this offers hope of a continued improvement in growth in emerging countries over the next few quarters.<\/p>\n
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The opinion expressed above is dated 20 December 2019, and liable to change.<\/em><\/p>\n <\/p>\n <\/p>\n See also :<\/p>\n https:\/\/lazardfreresgestion-tribune.com\/eurozone-growth-underpinned-by-consumption-but-penalised-by-inventories\/<\/p>\n <\/p>\n This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 – Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES – 75008 PARIS, FRANCE<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Chart of the week After one and a half years of slowdown, growth in emerging countries stabilised in the third… <\/p>\n","protected":false},"author":101016,"featured_media":12709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[],"class_list":["post-12703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-week"],"yoast_head":"\n