According to Eurostat data, the volume of industrial production of basic pharmaceutical products and preparations in the European Union in 2019 increased y/y. The highest y/y growth rate was recorded in May — 15.8 per cent.
The economic downturn in the emerging markets raises questions about their future. Will they continue catching up with the developed economies in spite of the current downturn, as they have over the past 20-30 years?