- IMF expects emerging economies in Asia to grow at 5.2% in 2024, a 0.4 percentage point upgrade from its forecast in October.
- It also estimates China’s economy will grow 4.6% in 2024, or 0.4 percentage point higher than the IMF’s forecast in October.
- Growth in India will remain strong at 6.5% in both 2024 and 2025, according to the IMF, on resilient domestic demand.
The International Monetary Fund revised up its growth forecast for developing Asia economies in 2024 as it remained optimistic on India, but warned of risks from China’s deepening property sector crisis.