Emerging markets, which comprise 59% of the world's population, contribute to 40% of the world's economic output. Furthermore, according to the International Monetary Fund's estimate in April 2019, the growth rate of emerging market economies is expected to outpace that of developed economies, with a projected growth rate of 4.8% in 2020 compared to 3.6% for developed economies.
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According to a financial services company, Charles Schwab Corporation, emerging markets are countries undergoing rapid economic growth and industrialization. These countries, Charles Schwab website states, make up 59% of the world's population and 40% of the world's economic output. Also, it's worth mentioning that 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.