EMD economies bracing for more challenges

While the recent surge in ex­ports and strengthening demand across most economies have buoyed expectations that the global economy is on an upward growth trajectory this year, the external environment of emerging market and developing (EMD) economies is set to be­come more challenging in the medium term. The International Monetary Fund (IMF) in its latest outlook publication has de­scribed it as a “less travelled and complicated” external environ­ment for the EMD economies.

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