Chinese real GDP growth slowed to 6.2% year-on-year (y/y) in the second quarter, but the better data for June is an encouraging sign for activity in the third quarter.
Emerging markets (EM) have some advantages over their slower growing, low interest rate cousins in the developed world. Should a global slowdown arrive, they still have an arsenal of familiar weaponry to deploy.
Emerging markets have grown in prominence and now represent around 40% of global GDP, twice their level at the turn of the millennium.
Craig Botham explains growth downgrades for Brazil and India for this year, and why Russia sees a slight upgrade.