Lower commodity prices have continued to weigh on consumption in commodity-exporting EMs. Indeed, there are signs that even in those economies where spending had previously held up reasonably well, such as Saudi Arabia, consumers are now starting to struggle. At the other end of the scale, consumers in commodity-importing EMs have continued to benefit from low fuel prices.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services