Leave aside China and India and the remaining EM countries stopped out-growing developed markets back in 2013 (lhs). This is a much broader story than Argentina and Turkey, with places like Mexico and South Africa essentially at zero growth (rhs). A "secular stagnation" in EM! pic.twitter.com/48oWAI7clN
— Robin Brooks (@RobinBrooksIIF) December 27, 2019