At the same time CEE workers leave because of Hungary's low wages.
The world’s leading Emerging Markets are moving rapidly up the World Bank’s latest GDP rankings in PPP (purchase power parity) terms as well as the annual foreign direct investment confidence ranking.
Central banks across emerging Asia are poised to implement interest rate cuts in the coming months, driven by declining inflation and tepid domestic demand.
The global green transformation will create a windfall for many Emerging Markets that are home to large deposits of essential raw materials needed for the revolutions, while others like oil producers will take a hit and see their growth slow.
Emerging markets will overtake the Western world in terms of the collective nominal size of their economies by 2050, with China and India as the second and third largest behind the US, according to Capital Economics’ long-term forecasts.