World, Regional, & National Economic Outlook
Emerging Markets and Developing Economies (EMDE) Projections (2024-2029)
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Overview:
This factsheet, based on IMF data, showcases Emerging Markets and Developing Economies projections spanning from 2024 to 2029.
EMDE -The Gradual Moderation
- The performance of Emerging Markets and Developing Economies is projected as follows:
- Achieved more substantial growth than advanced economies in 2024, with an impressive growth rate of 4.21%.
- By 2025, a growth rate of 4.19% is expected.
- Between 2025 and 2029, it will experience a gradual modernization, gradually easing from 4.19% to 3.93%.
EMDE
Regional Leaders :
- Emerging Asia is establishing itself as a key leader among EMDE countries:
- The growth rate reached 5.33% in 2024.
- The growth rate is projected to reach 5.02% in 2025.
- Gradual moderation to 4.47% by 2029
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Emerging Asia consistently outperforms other regions.
Regional Leaders
ASEAN 5:
- The economic outlook for the ASEAN-5 is promising:
- Achieved stable growth of approximately 4.45% in 2024.
- Expected to rise to 4.54% by 2025.
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The ASEAN-5 region showcases the most consistent and sustained growth trajectory among global regions.
ASEAN 5
MECA
MECA :
- The Prospects for the Middle East and Central Asia:
- Growth is expected to rise from 2.4% in 2024 to 3.94% in 2025.
- Peaks at 4.16% in 2026.
- Stabilizes around 3.75% by 2029.
Sub-Saharan Africa :
- Sub-Saharan Africa shows a resilient growth pattern:
- Steady Improvement: Rates are projected to increase from 3.57% in 2024 to 4.36% by 2029.
Sub-Saharan Africa
In Summary
- Sustained but gradually moderating growth for EMDEs from 2025 to 2029.
- Emerging Asia projected to lead global growth.
- ASEAN-5 region expected to maintain consistent economic stability.
- Middle East and Central Asia (MECA) forecasted to recover, while Sub-Saharan Africa shows resilience.
- Latin America and the Caribbean are expected to see slower growth compared to other regions.
- Despite slight declines in growth rates, EMDEs maintain a positive economic outlook.
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