Looking beyond the divide with the West, the strategic interests of the global South often diverge significantly. Amidst vast differences and potential opportunities, which emerging nations stand to benefit the most from the ongoing shifts in the world’s economic landscape?
Coface’s primary projection for this year anticipates a moderated soft landing for the global economy (a growth rate of +2.3% following +2.6% in 2023). While geopolitical tensions (such as those in the Red Sea and the Middle East) pose threats to global supply chains and inflationary pressures linger in advanced economies and businesses, global growth is still expected to exceed 2%. “This is largely attributable to the contributions of emerging economies,” emphasizes Bruno de Moura Fernandes, Head of Macroeconomic Research at Coface.
Amidst the challenging dynamics of conflicting Western values and China-US tensions, emerging economies have the opportunity to capitalize by extending concessions or presenting openings to not only China and the United States but also other regional powers in this evolving global landscape.
Learn more here: https://www.coface.com/news-economy-and-insights/new-deal-which-emerging-countries-could-be-the-winners-of-tomorrow-s-world
