Emerging and commodity-exporting economies consist of 17 countries and regions, such as China, South Korea, Taiwan, Russia, and Brazil. Sources: CPB Netherlands Bureau for Economic Policy Analysis; IHS Markit (© and database right IHS Markit Ltd 2019. All rights reserved. ); IMF, etc. 1  Chart 2  I.
In fact, real GDP is projected to pick up from the fourth quarter of this year onwards, and the recovery is expected to accelerate slightly by the end of next year. In the euro area as a whole, real GDP is projected to still contract this year by 0.4%, but then to increase by 1.1% in 2014 and 1.5% in 2015.