EM recovery from Covid-19

Friday 10 December 2021

Research / Market

2022 Investment Outlook


After an outbreak that initially affected developed countries and China, Covid-19 has become an emerging market and developing economies (EMDEs) pandemic. The most recent estimates of excess deaths show that these regions could account for up to 86% of global mortality. However, these figures do not tell the whole story. From an economic perspective, the lion’s share of working hours lost in 2020 was in lower-middle income countries, resulting in the first significant slowdown of the increase in per capita income after a decade of impressive growth.

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