Emerging-Market Growth Boosted by Base Effects This Year

Emerging-Market Growth Boosted by Base Effects This Year

For annual growth in emerging markets this year, there’ll be large base effects, according to calculations by Bloomberg Economics. Take Peru as an extreme example -- even if the economy doesn’t grow above its fourth quarter 2020 level, gross domestic product this year would still rise more than 11%. These base effects will contribute at least 1 percentage point in Russia, where the 2020 contraction was small, and as much as 10.6 points in India.

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