“Despite what is happening politically in mature economies, we are seeing a real broadening of growth in emerging markets,” said Ulrik Bie, an economist

“Despite what is happening politically in mature economies, we are seeing a real broadening of growth in emerging markets,” said Ulrik Bie, an economist
at the Institute of International Finance, a trade group for global banks, which bumped up its growth forecasts in light of recent data.
According to an index of hard and soft economic data points compiled by the Institute of International Finance, growth
in emerging economies was up 6.8 percent through the first quarter this year — the model’s highest reading since 2011.
The impressive trade numbers coming from China (exports grew 16 percent in March) as well as similarly robust export figures in South Korea, Taiwan
and Malaysia also point to a sharp recent pickup in global trade.
Other economies considered to be emerging markets — Mexico, South Korea
and Brazil — are also overcoming deterrents, like volatile currencies, political upheaval and worries of a trade crackdown by the Trump administration, to generate stronger-than-expected economic growth.
Turkey’s robust performance — exports last month were up 19 percent on an annual basis — highlights what has
been a string of unusually expansive data showings by emerging markets since the beginning of the year.
In China, import growth in volume terms, a major measure of domestic demand in the economy, was up 20 percent during the first two months of the year.
Fears that the Chinese economy would slam on the brakes, a slump in commodity prices and political scandals
that hobbled countries like Brazil have taken a toll, spurring a broad exodus of global investment funds from such markets.