Global economic growth of is projected at 3.1 per cent this year, with economies in Asia, Sub-Saharan Africa, the Middle East and Latin America contributing more than half of this growth, a report said.

The US and the euro area are expected to add only about 0.8 percentage points to the growth, according to Standard Chartered’s, a leading international banking group, Q3 Global Focus. According to report, although emerging markets are outperforming developed economies, the two are linked.

The US and the euro area are the world’s largest economies, and their performance impacts the rest of the world. “We have to be aware of the risks emanating from these two economies, and their potential impact on emerging markets,” the report said.

bbabo.Net