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Emerging Markets Monthly Highlights: Volatility Abroad, Domestic Resilience

S&P Global Ratings continues to observe resilience in domestic demand across emerging markets (EMs). Given that inflation has been broadly decreasing across most key EMs over the last few months, latest data on wages has suggested a pickup in real income growth. We expect that improvement in real income should support economic growth over the next few quarters. Nevertheless, subdued external demand, and in some cases, restrictive monetary stance will remain a headwind for most EMs.


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