The Conference Board Leading
Economic Index® suggests weakening near-term growth in China, India, Brazil,
and Mexico. High debt levels leave little room for stimulating investment and
consumption in China. The results of the presidential election in Brazil have
recently helped improve confidence somewhat among businesses and could improve
the outlook in the near term. Overall, The Conference Board global economic
outlook released on November 13 projects a moderation of emerging market GDP
growth from 3.8 percent in 2018 to 3.7 percent in 2019.