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Emerging Markets Monthly Highlights: Uneven Recoveries After Economies Hit Low Points In The Second Quarter

Sept. 9, 2020

Pandemic evolution in EMs remains mixed, as COVID-19 appears to be receding in many key emerging markets (EMs), but is yet to be contained in others. Social distancing measures have taken a large toll on growth. Second-quarter GDP readings show the depth of the crisis, with a median around 43% (seasonally adjusted annualized rate), with China an outlier.