(Bloomberg) -- Is the party winding down?
A measure of growth in emerging market economies paused in March after rising to the highest level in seven years.
The EM Growth Tracker retreated to a 6.6 percent growth pace on a quarter-over-quarter basis, according to the Institute of International Finance, which represents the financial sector from banks to sovereign wealth funds.
That's 0.2 pp lower than February.
Negative business sentiment and a contraction in import and export “variables” weighed on the report, the IIF said. The report noted, "mounting trade tensions are one of the drivers we have identified in the fading of synchronized growth."
At the same time, the outlook is “strong” bolstered by U.S. fiscal stimulus and stronger growth in the euro area. Additionally, regional trackers remained positive.
The data were published April 19.
To contact the reporter on this story: Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net.
To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net.
©2018 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
