According to Charles Schwab Corporation, emerging markets are countries that are experiencing rapid economic growth and industrialization. These countries make up 59% of the world's population and 40% of the world's economic output. Furthermore, as per the April 2019 International Monetary Fund (IMF) estimate, emerging market economies are expected to grow faster than developed economies, at 4.8% in 2020, compared to 3.6% for their developed peers.
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