Report: E11 growth was impressive during 2015

Major emerging economies slowed, but they still fared better than G7 and European Union

Major emerging economies maintained their positive growth momentum under slow global economic conditions in 2015 and there is no need to be pessimistic about their long-term ability to develop, according to a report released on Tuesday by the Chinese Academy of Social Sciences.

The Development of Emerging Economies Annual Report 2016, released at the annual Boao Forum for Asia in Hainan province, said that the economic growth of the 11 major emerging economies, or E11, slowed in 2015, but less than developed economies.