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Emerging Markets Recovery Overtakes Advanced Economies

Emerging Markets Recovery Overtakes Advanced Economies

Emerging Markets Recovery Overtakes Advanced Economies

Economic activity in emerging markets excluding China in the fourth week of October was 18% below the pre-virus level, according to Bloomberg Economics’ gauges that integrate high-frequency data such as credit-card use, travel and location information. While that’s slightly higher than in advanced economies, trends at the country level are diverging: China, Turkey and Brazil have made the most progress. In contrast, Indonesia is showing signs of a stalled recovery.

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