32:61-83, Spring; and International Monetary Fund (2018): “Is Productivity Growth Shared in a Globalized Economy?”, Chapter 4 of World Economic Outlook, April. 10 The annual growth rates of industrial production, as well as the level of manufacturing PMIs, have dropped to readings not seen since 2016.
7  I would like to conclude by noting that although, as I said at the beginning, expectations of an improvement in the world economic situation in the short and long terms depend crucially on the performance of EMEs, their realization is far from assured.