IMF predicts China and India to drive Asia's economic growth.
The International Monetary Fund (IMF) has raised its forecast for Asia-Pacific's economic growth to 4.6% this year, driven by China's recovery and "resilient" growth in India. The region is expected to contribute around 70% of global growth, with China and India making up half of it. The IMF raised its growth outlook for China, Malaysia, the Philippines, and Laos, while trimming its forecasts for Japan, Australia, New Zealand, Singapore, and South Korea. The IMF also warned of inflationary pressures in Asia's advanced economies and the risks of further global trade fragmentation due to ongoing US-China trade disputes and heightened geopolitical tensions linked to Russia's war in Ukraine.
- IMF raises 2023 economic outlook for Asia, sees China and India making up half of global growth CNBC
- IMF raises Asia's economic forecast on China recovery, warns of risks By Reuters Investing.com
- IMF Says China Has Space to Keep Monetary, Fiscal Policy Loose Bloomberg
- Beyond the ‘fastest-growing economy’ tag The Financial Express
- IMF expects Asia's economy to grow 4.6% this year - China, India are key drivers of growth ForexLive
Reading Insights
0
18
3 min
vs 4 min read
84%
676 → 107 words
Want the full story? Read the original article
Read on CNBC