NEW DELHI, Oct. 16 (Xinhua) -- The International Monetary Fund (IMF) has in its latest "World Economic Outlook (WEO) slashed India's GDP growth rate for the current year to 6.1 percent from 7.3 percent it had projected in April. The international body in its report on Tuesday also stat...
downgrading its forecast for 2023, which is likely to be much lower than expected, due to several main factors. While the IMF has projected India’s growth rate of 6.8 percent in 2022 as compared to 8.7 per cent in 2021 for India, the projection for 2023 is set at 6.1 ...
notablysubduedgrowthintheeuroarea,reflectingweakconsumersentiment,thelingeringeffectsof InternationalMonetaryFund|January20241 WORLDECONOMICOUTLOOKUPDATE,JANUARY2024 highenergyprices,andweaknessininterest-rate-sensitivemanufacturingandbusinessinvestment. Low-incomeeconomiescontinuetoexperiencelargeoutputlossescomparedwiththeirpre...
For 2023, we now estimate growth at 4.7 percent, compared to our 4.6 percent projection in October. China and India account for most of the upward revision. In China, growth was supported by higher spending on disaster reconstruction and resilience projects. In India, strong domestic demand unde...
In its October update of the World Economic Outlook, the International Monetary Fund (IMF) forecasts global economic growth to stabilize at approximately 3.2% for 2024 and 2025, maintaining nearly the same projection as three months prior. However, the IMF warns of significant underlying uncertainties...
For the world economy, we now project 3.1 percent growth for 2024 - the same growth rate as in 2023. For 2025, we anticipate a modest increase to 3.2 percent. The good news is that these figures are somewhat better than the forecast we ha...
For China, the IMF downgraded its projection for this year by two-tenths of a percentage to 4.8% from its 5% estimate in July. This is lower than China’s official growth target of around 5% for this year. The IMF’s China growth f...
In conclusion, the global growth outlook has been revised up marginally by the IMF relative to its previous WEO publication, and growth is now expected to remain steady over the next two years. The resilience of the US economy in 2024 is notable, as is the divergence between its rate of ...
In contrast, the Euro’s exchange rate against the dollar has remained relatively stable, resulting in less dramatic shifts in Germany’s nominal GDP. Germany’s population, approximately two-thirds the size of Japan’s, has been experiencing more robust economic growth, leading to the narrowing ...
despite significant central bank interest rate hikes aimed at restoring 129、 price stability.Directors broadly concurred that the global economy may be approaching a soft landing but recognized that future growth is expected to be low by historical standards,reflecting still-high borrowing costs,a ...