Regional Outlook
Weakness in emerging market and developing economies in 2015 has carried over into 2016. Aggregate growth for this group is projected at 3.5 percent in 2016, only marginally up from a post-crisis low of 3.4 percent in 2015. However, there are substantial differences in economic prospects between commodity exporters and importers. Regions with a large number of importers (East Asia and Pacific, South Asia) are expected to show resilience, while the outlook for regions with a sizable number of exporters (Latin America and the Caribbean, the Middle East and North Africa, Sub-Saharan Africa) continued to deteriorate since the start of the year.