Emerging market and developing economies: Engine of the global economic growth despite some vulnerabilities1
After a long spell of slow growth post-crisis, the global economy’s recovery was mainly supported by the improvement of emerging markets and developing economies growth. However, this recovery is subject to wide-ranging uncertainties and is now in some danger. According to the IMF, the global economic growth is expected to fall to 3 % in 2019, the lowest level since 2008. This slowdown is estimated to be widespread, concerning both advanced economies as well as emerging markets and developing economies with an expected recovery starting from 2020.