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Figure2EmergingmarketsversusdevelopedeconomiesGDPgrowth200220032004200520062007200820092010E2011E2015EAfrica7.45.07.26.36.47.05.52.65.05.55.4Asia6.98.28.69.510.411.47.76.99.48.48.5MENA3.86.95.85.35.86.05.02.04.15.14.9EmergingEurope4.44.87.35.96.55.53.0-3.63.73.14.1Latam0.52.16.04.75.65.74.3-1.75.74.03.9Global2.93.64.94.65.25.32.8-0.64.84.24.6Figure3InationChinaversusUKandUSIvoryCoast-1.6-1.71.61.90.71.62.33.83.04.06.0Nigeria21.210.310.65.46.27.06.07.07.47.46.0SouthAfrica3.72.94.65.35.65.53.7-1.83.03.54.5China9.110.110.111.312.714.29.69.110.59.69.5India4.66.98.19.29.79.96.45.79.78.48.1Indonesia4.54.85.05.75.56.36.04.56.06.27.0Malaysia5.45.86.85.35.86.54.7-1.76.75.35.0Pakistan3.24.97.47.76.15.61.63.44.82.86.0Bahrain5.27.25.67.96.78.46.33.14.04.55.2SaudiArabia0.17.75.35.63.22.04.20.63.44.54.7UAE2.611.99.78.28.76.15.1-2.52.43.24.1Hungary4.44.34.93.54.01.00.6-6.30.62.03.0Poland1.43.95.33.66.26.85.01.73.43.74.3Turkey6.25.39.48.46.94.70.7-4.77.83.64.0Russia4.77.37.26.48.28.55.2-7.94.04.34.0Argentina-10.98.89.09.28.58.76.80.97.54.03.0Brazil2.71.15.73.24.06.15.1-0.27.54.14.1Mexico0.81.74.03.24.93.31.5-6.55.03.93.8DevelopedMarkets1.71.93.22.73.02.70.2-3.22.72.22.4EmergingMarkets4.86.27.57.38.28.76.02.57.16.46.7SourceIMFOctober2010Shorttermweacceptthereisariskthatemerginggrowthmaybemoderatedbytheneedfortightereconomicpolicyinthefaceofrisinginationg3.Overthisperioditispossiblethatdevelopedeconomieswillprovidealessvolatileinvestmentopportunity.Investorsmustalsobeawareoftheinherentrisksofinvestinginthetypicallymorevolatileemergingmarketspacenamelypoliticalandsocialrisk.Howevertherelativepaceofgrowthofemergingoveremergedeconomiesshouldcontinuetoencouragestrongcapitalinowsintotheseregionsthroughthecycle.1YRConsumerPriceIndex-China1YRGbrCpiAllItemsIndexPublicationBaseYear20002005y-UnitedKingdom1YRConsumerPriceIndex-UnitedStatesSourceFactSetPrices