This week the International Monetary Fund (IMF) gave a bleak outlook for emerging market economies, slashing its growth forecasts, but some say the body has got it wrong.
The IMF warned on the region's weakening growth, which it attributed to tightening capacity constraints, falling commodity prices, less policy support and slowing credit growth. However, some economists told CNBC they weren't fully convinced that it's all doom and gloom for the emerging world.
"Bottom line, we think [Olivier] Blanchard is wrong," said Tim Condon, managing director and head of research for Asia at ING, referring to the IMF's chief economist.
(Read more: IMF cuts growth forecast for emerging world)
According to Condon, recent emerging market under-performance has been purely cyclical, whereas the IMF report argues that the region is suffering a cyclical downturn and dampened growth prospects.
"The developed market - emerging market performance gap is cyclical. It's due to more accommodative developed market monetary policy," said Condon, referring to the U.S., U.K. and Japan's use of quantitative easing in recent years.