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EY Rapid-Growth Markets Forecast
Despite a period of increasing conﬁ dence in the prospects for the global economy, it seems that this era of turbulence and unpredictability is not yet behind us.
Policy-makers in advanced economies are seeking to reduce spending and at
the same time maintain public services to stimulate growth. The picture is a
little brighter in rapid-growth markets (RGMs). It’s not as if these economies are
contracting — far from it — but many have seen their currencies weaken in recent
weeks as investors baulk at what they see as higher risks and the knock-on effect
of reduced quantitative easing in the US and elsewhere.