Emerging economies now confront a new reality, one in which some apparent certainties have disappeared, and different challenges have arisen. I would like to touch on three subjects in this context, starting with the performance of emerging economies, moving on to financial market conditions, and concluding with a brief overview of Mexico in particular.
As always, my views are entirely my own and do not necessarily reflect those of the Bank of Mexico or its Governing Board. Developments and the outlook for emerging economies Two distinctive trends characterize developments in emerging economies during the last few years. The first is higher growth since the beginning of this century, relative to the previous decade.