The Banking Executive Magazine - August 2021

Emerging Economies The latest World Bank outlook for emerging markets and developing economies is especially significant because of the warning messages it contains. Whereas rich countries ap- pear set to return to or even exceed their pre-pandemic growth rates, the developing world's prospects are more mixed. The World Bank’s Global Economic Prospects (GEP) report, published twice a year, is the most important source for evaluating the current and future outlook for emerging markets and developing economies (EMDEs). The recently released June 2021 edi- tion is especially significant because of the warnings it contains. Someone reading this report too quickly could easily miss the bad news, because, as with all publica- tions by international organizations, the BANKING EXECUTIVE 28 ISSUE 152 AUGUST 2021 THREE WARNINGS FOR EMERGING ECONOMIES