IMF revises up Asia’s growth forecast, warns of China risk ...Middle East

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TOKYO: The International Monetary Fund (IMF) on Tuesday projected emerging Asian economies would expand 5.2% this year, slowing from 2023 but revised up from its forecast three months ago on stronger-than-expected growth in China. The region’s growth forecast for 2024, which compared with a 5.4% expansion last year, was upgraded 0.4 percentage point from October. In 2025, emerging and developing Asia is expected to grow 4.8%, the IMF said in its upgraded World Economic Outlook. China’s growth estimate for this year was revised up by 0.4 percentage point to 4.6% on increased government spending, though it was still slower than last year’s 5.2% expansion. IMF says global ‘soft landing’ in si

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Last updated : 30 January 2024 clock 05:16 PM

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IMF revises up Asia’s growth forecast, warns of China risk ...Middle East

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