Here's what you need to know about emerging markets this week, from the WSJ
News and analysis on the frontier markets
The IMF, in its latest World Economic Outlook paints a worrisome picture of the impact of climate change on low-income countries, including the vast majority of frontier markets. “The brunt of adverse consequences [of rising temperatures will be] borne by those who can least afford it,” the multilateral said. “Low-income countries will suffer disproportionately from further temperature increases. Within low-income countries, the poor would likely be the most heavily affected by climate change.” The IMF predicts that in the worst-affected areas in the southern hemisphere and equatorial regions, warming temperatures could reduce agricultural output, harm human health, reduce productivity due to the heat and slow investment. Under its worst-case scenario, by the end of this century the hardest hit countries could see their GDP per capita reduced by up to 12%. The IMF also presented its latest forecast for economic growth, predicting that sub-Saharan Africa would notch up growth of 2.6%...
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