IMF’s Georgieva: India, China to account for 50% of global economic growth in 2023 IMF India China GDP EconomicIndicator
Key takeaways
“Despite surprisingly resilient labor markets and consumer spending in most advanced economies, and the uplift from China's reopening, we expect the world economy to grow less than 3 percent in 2023.” “For low-income countries, higher borrowing costs come at a time of weakening demand for their exports. And we see their per-capita income growth staying below that of emerging economies. That is a severe blow, making it even harder for low-income nations to catch up.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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