Against this backdrop, while advanced countries are having negative growth rates, emerging economies are expected to continue on a positive trend, though inevitably lower than in recent years.
Given the current framework and the growth dynamics of the global economy, it is fundamental to minimize the worldwide effects of the crisis – not only for the benefit of emerging countries, but also due to the urgent need for global growth. Let us not forget that, between 2003 and 2007, developing countries accounted for 75 percent of world economic growth (in purchasing-power-parity terms).