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Emerging Markets Monthly Highlights: Navigating Through Increasing Uncertainty

October 19, 2022

Due to materialization of some of S&P Global Ratings' previously outlined downside risks, we lowered our 2023 growth projections for key emerging market (EM) economies. We also slightly upgraded our 2022 growth projections on better-than-expected Q2 performance. However, growth has already started to decelerate, and we expect this trend to continue. We have also raised sharply our median inflation forecast for key EMs to 5.6% for 2023 from 4.1% in our June forecast.

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