IMF thinks India will fare better than most other major economies in 2022-23 ...Middle East

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IMF thinks India will fare better than most other major economies in 2022-23
The International Monetary Fund (IMF) has cut India’s GDP forecast to 8.2%, from the earlier projected figure of 9%. This, however, is far better than its estimates for other major economies like the US, China, and Japan.The multilateral body expects a “severe setback to the global recovery” from disruptions caused by the Russia-Ukraine war.“Notable downgrades to the 2022 forecast include Japan and India, reflecting in part weaker domestic demand—as higher oil prices are expected to weigh on private consumption and investment—and a drag from lower net exports,” the IMF said.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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