ADVERTISEMENT
Emerging-Market Recovery Lags Advanced Economies
Activity in emerging markets excluding China remained 35% below the pre-virus level at the beginning of August.
10 Aug 2020, 02:50 PM IST 
Pedestrians wearing protective masks pass in front of stores and street vendors on Ladeira Porto Geral street in Sao Paulo, Brazil. (Photographer: Jonne Roriz/Bloomberg)
(Bloomberg) -- Activity in emerging markets excluding China remained 35% below the pre-virus level at the beginning of August, according to Bloomberg Economics gauges that integrate high-frequency data such as credit-card use, travel and location information. Those regions are lagging the recovery in advanced economies, which has also been moderating. China, Russia and Turkey are making the most progress, while in Latin America -- particularly Argentina, Colombia and Chile -- recovery has been much slower.
©2020 Bloomberg L.P.