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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