About this work
Emerging market activity returned to expansion in Jonathan Fortun’s September 2020 growth tracker as trade improved and business surveys recovered. Accommodative monetary policy supported the rebound, but the assessment remained cautious: the initial reopening boost would fade, labor market disruption could restrain consumption, and firms were cutting investment. Purchasing managers’ surveys pointed to further recovery, with considerable uncertainty about differences across regions.
Abstract
Emerging market activity returned to expansion in Jonathan Fortun’s September 2020 growth tracker as trade improved and business surveys recovered. Accommodative monetary policy supported the rebound, but the assessment remained cautious: the initial reopening boost would fade, labor market disruption could restrain consumption, and firms were cutting investment. Purchasing managers’ surveys pointed to further recovery, with considerable uncertainty about differences across regions.
Cite this work
Jonathan Fortun (2020). September 2020 EM Growth Tracker. Institute of International Finance.