S&P Global Ratings has projected real GDP growth in emerging markets (EMs) excluding China to slow to 4.5 per cent in 2026 from 4.9 per cent in 2025.
The impact of the Iran war on its projections for most EMs is modest.
Credit spreads have widened, but are low, while exchange rates have gradually weakened.
Net energy importers, mostly in Asia, would be the most hit if the war continues till early April.
The impact of the Iran war on its projections for most EMs is modest.
Credit spreads have widened, but are low, while exchange rates have gradually weakened.
Net energy importers, mostly in Asia, would be the most hit if the war continues till early April.
