Asia to contribute 60 pc of global growth in 2024: IMF official ...Middle East

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Asia remains the engine of economic growth and it is on track to deliver 60 per cent of global growth this year, said IMF Deputy Managing Director Okamura. The global economy has shown surprising resilience to successive shocks post-pandemic and the International Monetary Fund's latest World Economic Outlook expects global growth to reach 3.1 per cent this year. "And it (Asia) is ahead of the curve on taming inflation. Most countries in Asia are expected to reach central bank targets in 2024," said the IMF official, in his opening remarks at the Thirteenth IMF-Japan High-Level Tax Conference for Asian Countries. But challenges remain. The official asserted that providing extraordinary suppor

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