World Bank: EM Inflation on the Prowl |
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June 8, 2011
The World Bank has upped its growth forecasts for emerging markets despite all the gloom about the US and Europe and the Middle East turmoil.
The World Bank has upped its growth forecasts for emerging markets despite all the gloom about the US and Europe and the Middle East turmoil. The bank predicts developing countries will grow at 6.3 per cent in 2011, compared to a 6 per cent January forecast. Not much of a change, but still an increase. The developed world, by contrast, sees a cut, from 2.4 per cent to 2.2 per cent. But as the report highlights, EMs have their challenges. Not the least is inflation, with a widening gap between rates in the the developed and developing worlds (see chart).
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