With few economic data releases out over the holiday period we are assessing developments in 2015 and looking forward to the issues that will concern markets this year. This week we look at the developing and emerging economies.
Developing countries have formed more than half of the world economy since the global financial crisis and, with generally higher growth than the advanced economies, this share is continuing to rise.
According to the International Monetary Fund they accounted for 58 per cent of global output in 2015, when measured at purchasing-power parity (PPP). Problems in the largest of these economies these days become global problems.
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