Bright outlook for developing nations

The outlook for emerging markets remains bright. Many developing countries will enjoy economic growth well in excess of their mature country counterparts this year, with China leading the way. According to the IMF's April 2003 World Economic Outlook, developing economies are forecast to grow at 5% in 2003 and 5.8% in 2004, compared with forecast economic growth of 1.9% and 2.9% over the same periods for developed nations. Many regional economies have experienced a deep recession, and in some cases a severe financial crisis over the last few years. Consequently, other than in the te...