The report discusses the slowing growth in China and emerging markets (EM) and its impact on global growth. It argues that while EM growth has been slowing, developed markets (DM) growth has picked up, keeping global growth steady. The report critiques the use of purchasing power parity (PPP) exchange rates for overstating EM's size in the global economy and suggests that global growth is rising when measured with market exchange rate weights.
documents/vol00010-efta01458626-pdf.pdf
{"title":"The Arithmetic of EM and Global Growth: The $35 Trillion Myth","key_people":["Binky Chadha","Parag Thatte","Rajat Dua"],"document_date":"2015-09-11","document_type":"correspondence","document_subtype":"research report","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0118623","SDNY_GM_00264807","EFTA01458626"]}