The International Monetary Fund raised its 2023 growth forecast for India by 20 basis points to 6.1%, bolstering expectations that the current G20 chair will be the world's fastest growing major economy this year.
Still, the IMF expects China to grow by 5.2% this year and 4.5% next year.
The IMF then expects growth in the Japanese economy to slow to 1.0% in 2024, as the effects of past stimuli dissipate.
The IMF raised its 2023 global growth prediction by 0.2 percentage point to 3%, up from 2.8% in its April assessment.
The IMF kept its 2024 growth forecast unchanged at 3%.
Persons:
China's
Organizations:
Monetary Fund, Economic, IMF
Locations:
Allahabad, India, Beijing, China, Asia, Japan, U.S