Economist: We stress that the emerging-market growth story is by no means over

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india men temple (Photo credit: FriskoDude)

The Economist’s chief editor, Robin Bew says, quote: “Rapid growth in emerging markets has been central to the vitality of the global economy for the past decade, so recent difficulties in a number of major countries are creating some concern for our clients. India‘s rupee has hit record lows. Once-buoyant Brazil is failing to recapture its magic. China is still slowing. My analysts and I have factored these developments into our latest global forecast, and we anticipate a slight deceleration in world GDP growth this year before a pick-up in 2014. We stress that the emerging-market growth story is by no means over. These countries offer rich long-term opportunities, so long as businesses can ride out periodic rough patches. Our forecast also notes a welcome improvement in the rich world, with the euro zone’s lengthy recession at last having ended.”

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