Emerging economies except Russia witness growth: HSBC EMI
The Dollar Business Bureau All the emerging economies except Russia have witnessed the fastest growth in the last five months as emerging markets collectively continued to significantly underperform against the developed nations, said the HSBC Emerging Markets Index (EMI). The EMI rose from 51.2 to 51.9 the quickest rate of expansion since September 2014. The HSBC composite index for India, which maps both manufacturing and services, stood at 53.5, whereas for China it was 51.8, Brazil (51.3) and Russia (44.7). The Index also said that China and India reached five-and-three-month highs respectively, but the growth rates remained only modest and far below typical rates of expansion seen prior to the global financial crisis. In Brazil, the corporate sector output registered ...
