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    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

CHART OF THE DAY: Emerging Markets Are More Important Than You Might Think - 28

This idea of "emerging economies" is a bit of a misnomer.  According to our analysis, on a purchasing parity basis the so called emerging economies comprised 56% of global GDP share in 2013.  Moreover, in the same year emerging economies comprised 73% of global growth.  So as emerging markets go, so to goes global economic growth.