Emerging Market GDP Growth Estimate Above 4 Percent in Q3

October 07, 2014

Washington, D.C., October 7, 2014 - Emerging market growth is tracking higher according to the September update of the IIF's EM Coincident Indicator showing Q3 growth at 4.1 percent, up 0.2 percent from the August estimate.

"Our EMCI September update indicates that growth in emerging markets gradually accelerated in Q3, but weaker business sentiment and deteriorating financial market performance, including falling commodity prices, suggest some caution going forward," said Charles Collyns, chief economist of the IIF.

Among the macroeconomic and financial variables that feed into the EMCI, merchandise trade and industrial production continued a modest uptrend. By contrast, business sentiment has weakened and financial variables, notably commodity prices, softened in September, weighing on emerging market growth.

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The Institute of International Finance is the global association of the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. Within its membership IIF counts commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks. For more information visit www.iif.com.

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