IMF’s Important Remarks on Asian Macro Variables

‎ The International Monetary Fund revised its growth forecast for Asian developing economies in 2024; IMF was optimistic about India but it warned of the dangers of the worsening crisis in China’s real estate sector.

‎The International Monetary Fund revised its growth forecast for developing economies in Asia in 2024; it was optimistic about India, but warned of the risks posed by China’s worsening real estate crisis.‎

‎Emerging economies in Asia are expected to grow 5.2%, up 0.4% from the fund’s previous forecast in October. This year’s growth is expected to be below the estimated 5.4 percent growth for 2023.‎

‎The International Monetary Fund (IMF) forecasts China’s economy to grow 4.6 percent in 2024, 0.4 percentage points higher than its last forecast in October. The report pointed out to stronger-than-expected growth last year and the government must spend more to fight natural disasters in China.‎

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