UK economic growth depends on ‘orderly exit’ from EU, warns IMF
5 years, 2 months ago

UK economic growth depends on ‘orderly exit’ from EU, warns IMF

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. The financial watchdog said the UK economy would grow by 1.4 per cent this year and 1.5 per cent in 2021 after anaemic growth of 1.3 per cent last year. “The growth forecast assumes an orderly exit from the European Union at the end of January followed by a gradual transition to a new economic relationship,” its World Economic Outlook said, adding that its forecasts depended on the UK and EU “averting” a no-deal exit. “The downward revision primarily reflects negative surprises to economic activity in a few emerging market economies, notably India, which led to a reassessment of growth prospects over the next two years,” the IMF said. Although its growth projection was weaker, the team led by IMF chief economist Gita Gopinath said that developments since the autumn of 2019 indicated that risks to global activity were less tilted to the downside compared to its October forecasts.

Growth Brexit Economic Cent Sign Exit Imf Eu Warns Its Forecasts Its Estimate  sign  global  exit  economic  world  growth  orderly  uk  depends  brexit  risks  imf  eu  warns  cent

History of this topic

UK economic growth forecasts downgraded for 2025 – EY
1 month, 2 weeks ago

UK economic growth forecasts downgraded for 2025 – EY

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stagnant growth late last year …

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF
2 months ago

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Of course, some of the Budget is financed by …

UK set to be the fastest growing European economy as IMF forecast gives boost to Reeves
2 months ago

UK set to be the fastest growing European economy as IMF forecast gives boost to Reeves

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery The chancellor has been under pressure over the struggling economy “The …

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
2 months ago

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Associated Press  

WASHINGTON — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But in a blog post that accompanied the release of the IMF’s latest World Economic Outlook report, the fund’s chief economist, Pierre-Olivier Gourinchas, wrote that the policies Trump has promised to introduce “are likely to push inflation higher …

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
2 months ago

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Associated Press  

WASHINGTON — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But in a blog post that accompanied the release of the IMF’s latest World Economic Outlook report, the fund’s chief economist, Pierre-Olivier Gourinchas, wrote that the policies Trump has promised to introduce “are likely to push inflation higher …

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections
4 months, 3 weeks ago

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections

China Daily  

The International Monetary Fund (IMF) has downgraded its global growth projections for 2024, with a revised forecast of 3.2 percent for this year and 4.5 percent for 2025. The IMF warns about the global economic outlook, highlighting geopolitical risks, trade protectionism, and challenges in the real estate sector.

UK economic growth forecasts downgraded for next two years – economists
4 months, 3 weeks ago

UK economic growth forecasts downgraded for next two years – economists

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. EY Item Club’s latest quarterly economic forecast also suggested that caution by Bank of …

The IMF says Britain is back on track for growth - but Reeves could wreck it with a gung-ho budget, says ALEX BRUMMER
4 months, 3 weeks ago

The IMF says Britain is back on track for growth - but Reeves could wreck it with a gung-ho budget, says ALEX BRUMMER

Daily Mail  

Growth in Britain looks well set, with the International Monetary Fund once again upgrading forecasts. Budget threat: If Chancellor Rachel Reeves goes too far, raising taxes and scaring business and wealth creators witless, then she would place a fragile cyclical upturn in peril That erupted during the IMF’s annual meetings of two years ago following Liz Truss’s unaudited tax cutting …

IMF's economic view: A brighter outlook for US but still-tepid global growth
4 months, 3 weeks ago

IMF's economic view: A brighter outlook for US but still-tepid global growth

The Independent  

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New fears Brexit has ‘drained life out of UK economy’ following IMF report
7 months, 3 weeks ago

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please …

Strong consumption, exports spur IMF's brighter outlook for nation
8 months ago

Strong consumption, exports spur IMF's brighter outlook for nation

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. Jean-Marc Natal, deputy chief of the World Economic Studies Division at IMF's Research Department, said at the briefing that one of the reasons for the upward revision "is that we expect that the new …

IMF boosts China's growth outlook to 5 percent for year
8 months ago

IMF boosts China's growth outlook to 5 percent for year

China Daily  

Workers assemble doors for new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. The International Monetary Fund raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook Update released on Tuesday. Pierre-Olivier Gourinchas, the IMF's …

Britain to be fastest growing major European economy, IMF predicts
8 months ago

Britain to be fastest growing major European economy, IMF predicts

The Telegraph  

Thanks for joining me. 5 things to start your day 1) National Grid: Britain will remain dependent on gas for years | Forecasts predict higher than expected demand, in blow to net zero ambitions 2) We’re not a c----- employer, insists Wetherspoon boss after attack by union chief | Rebuttal comes as chain is accused of being ‘anti-union’ and offering …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
9 months, 2 weeks ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Policy and resilience raise confidence in stable economic growth this year
9 months, 3 weeks ago

Policy and resilience raise confidence in stable economic growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The International Monetary Fund has raised its forecast for China's economic growth for 2024 to 5.0 percent from the previous 4.6 percent. The IMF also raised its forecast for China's economic growth to 4.5 percent for next year, up 0.4 percentage points compared with its April projection. …

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
9 months, 3 weeks ago

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth

Associated Press  

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector. …

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts
10 months ago

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy is set …

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy
10 months ago

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy

Daily Mail  

The IMF upgraded forecasts for the UK economy today as Jeremy Hunt swiped at 'unjustified pessimism'. The international body said Britain is on track for a 'soft landing', with GDP predicted to rise 0.7 per cent this year as inflation eases. Jeremy Hunt met the managing director of the IMF, Kristalina Georgieva, at Downing Street today Official figures for the …

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
11 months ago

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

Associated Press  

WASHINGTON — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,’' including stubborn inflation and rising levels of government debt. In the United States, she said, “the flipside’’ of …

IMF forecasts India’s economy to grow 6.8% this fiscal year
11 months ago

IMF forecasts India’s economy to grow 6.8% this fiscal year

The Hindu  

The International Monetary Fund on Tuesday raised its growth projection for India’s GDP in the current fiscal year 2024/25 to 6.8%, and forecast a 6.5% expansion next year. The global economy had remained “remarkably resilient” with steady growth and inflation returning to target and had “defied expectations of stagflation and global recession” in the wake of the post-pandemic supply disruptions, …

IMF: Outlook for world economy is brighter, though still modest by historical standards
11 months ago

IMF: Outlook for world economy is brighter, though still modest by historical standards

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. In its latest outlook, the IMF, a 190-country lending organization, notes that the global expansion is being powered by unexpectedly strong …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
11 months, 1 week ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

Associated Press  

WASHINGTON — Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ -– …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
11 months, 1 week ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Strong economic activity in the …

IMF more pessimistic about Dutch economy as growth stalls and risks remain
1 year, 1 month ago

IMF more pessimistic about Dutch economy as growth stalls and risks remain

NL Times  

Optimism for the Dutch economic recovery took a hit today as the International Monetary Fund painted a cautious picture, highlighting significant risks and demanding immediate fiscal prudence. “Real GDP growth is projected to increase from 0.1 in 2023 to 0.6 and 1.3 percent in 2024 and 2025, respectively, largely driven by improved household purchasing power from lower inflation and stronger …

IMF pegs India’s growth at 6.7% in FY24
1 year, 1 month ago

IMF pegs India’s growth at 6.7% in FY24

New Indian Express  

NEW DELHI: The International Monetary Fund on Tuesday increased its gross domestic product growth forecast for India in 2023-2024 to 6.7% from an earlier projection of 6.3% in October last year. “Growth in India is projected to remain strong at 6.5% in both 2024 and 2025, with an upgrade from October of 0.2 percentage point for both years, reflecting resilience …

IMF projects Indian economy to grow at 6.7 per cent in FY24
1 year, 1 month ago

IMF projects Indian economy to grow at 6.7 per cent in FY24

India Today  

The International Monetary Fund has changed its growth forecast for India, expecting the economy to expand by 6.7 per cent in the fiscal year 2024, up from the previous estimate of 6.3 per cent. In addition to the upgraded forecast for India, the IMF projects a steady growth rate of 6.5 per cent for the subsequent fiscal years, FY25 and …

IMF raises growth forecast for global economy
1 year, 1 month ago

IMF raises growth forecast for global economy

Firstpost  

The two biggest economies in the world, China and the United States, have improved economic prospects, according to the International Monetary Fund, which raised its prediction for global growth on Tuesday. Although a “soft landing” appeared to be imminent, according to the IMF’s most recent World Economic Outlook, head economist Pierre-Olivier Gourinchas noted that global trade and overall GDP were …

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
1 year, 1 month ago

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. But Gourinchas said that for now, the Red Sea disruptions don’t seem to be “a major source of reigniting supply side inflation,” which arose from far more severe shipping backlogs …

Asian economies under cosh as China's property woes bite: IMF
1 year, 5 months ago

Asian economies under cosh as China's property woes bite: IMF

Firstpost  

Meanwhile, the strength of the U.S. economy has offered less support to Asia than in the past because it has been focused on the service sector, which does not fuel demand for exports, the Fund said in a blog on the region’s outlook. China’s weak recovery and the risk of a more protracted property crisis could further dent Asia’s economic …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 5 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

Associated Press  

DUBAI, United Arab Emirates — Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade, the International Monetary Fund said Thursday, but the escalating war between Israel and the Hamas militant group could dampen the outlook. The IMF expects economic growth to slow to 2% this year in the Middle East and …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 5 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The IMF expects economic growth to slow to 2% …

IMF raises India growth forecast for FY24 to 6.3%
1 year, 5 months ago

IMF raises India growth forecast for FY24 to 6.3%

Live Mint  

The International Monetary Fund lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption” during the June quarter. The five emerging market economies—Brazil, China, India, Indonesia and Russia—have contributed about 0.9% percentage points to the decline in medium-term global growth prospects between 2008 and 2023, the IMF report added. In its global …

IMF mocked for succession of failed forecasts as it downgrades UK's growth for next year to lowest in G7
1 year, 5 months ago

IMF mocked for succession of failed forecasts as it downgrades UK's growth for next year to lowest in G7

Daily Mail  

The IMF was derided today as it dramatically overhauled forecasts yet again - this time claiming that the UK will have the lowest growth in the G7 next year. The international body marginally improved its expectations for Britain this year to 0.5 per cent growth, after GDP performed better than it had thought. As recently as April the IMF was …

IMF Hikes India's GDP Forecast For 2023-24 To 6.3%, Cuts Growth Outlook For China, Euro Area
1 year, 5 months ago

IMF Hikes India's GDP Forecast For 2023-24 To 6.3%, Cuts Growth Outlook For China, Euro Area

ABP News  

The International Monetary Fund hiked it’s 2023-24 GDP growth forecast for India to 6.3 per cent, making this the second hike in three months. The IMF didn’t make any changes to it’s outlook for the next year and maintained a GDP growth rate of 6.3 per cent for India for the fiscal year 2024-25. In it’s report, the body noted, …

Why Britain will beat IMF’s bleak forecasts – but still faces a low-growth trap
1 year, 5 months ago

Why Britain will beat IMF’s bleak forecasts – but still faces a low-growth trap

The Telegraph  

The accuracy of the International Monetary Fund’s forecasts has come under greater scrutiny than ever after it published gloomy predictions that analysts warned were already out of date. The Fund claimed Britain’s economy will be the worst performing in the G7 next year, posing a potential headache for Rishi Sunak as he fights the next general election. The latest predictions …

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge
1 year, 5 months ago

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge

LA Times  

The International Monetary Fund and World Bank are holding their annual meetings in Marrakech, Morocco. “The global economy is limping along, not sprinting,” IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the organization’s annual meeting, which is being held in Marrakech, Morocco. It’s “too early” to assess the impact on global economic growth from the days-old war …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 7 months ago

IMF global economic outlook sees slight growth, but inflation still a drag

Associated Press  

WASHINGTON — Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said Tuesday. IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to an estimated 3% in 2023 and …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 7 months ago

IMF global economic outlook sees slight growth, but inflation still a drag

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Global growth will see a …

IMF raises India’s 2023 GDP growth forecast to 6.1%
1 year, 7 months ago

IMF raises India’s 2023 GDP growth forecast to 6.1%

Live Mint  

The International Monetary Fund on Tuesday revised India’s GDP growth forecast to 6.1% for 2023, up from 5.9% projected by the financial institution earlier this year as a result of stronger domestic investment. “Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the …

IMF Raises India's GDP Forecast To 6.1% For FY24, Lowers Global Economy Growth Projection
1 year, 7 months ago

IMF Raises India's GDP Forecast To 6.1% For FY24, Lowers Global Economy Growth Projection

ABP News  

The International Monetary Fund has raised India's GDP growth forecast for the financial year 2023-24 to 6.1 per cent from earlier 5.9 per cent after the country's stronger-than-expected growth in the fourth quarter of 2022. The global lender in its latest World Economic Outlook on Tuesday also revised its projection for the growth of the global economy in 2023 to …

British economy will outperform Germany this year, IMF admits
1 year, 7 months ago

British economy will outperform Germany this year, IMF admits

The Telegraph  

Britain will outperform Germany this year, according to the International Monetary Fund, after its worst fears for the UK economy failed to materialize. The IMF expects the UK economy to grow by 0.4pc this year, it said on Tuesday, confirming predictions published in May as part of its annual economic healthcheck. The IMF said the Windsor Framework agreement announced by …

IMF head welcomes Europe's interest rate hikes in campaign against inflation
1 year, 9 months ago

IMF head welcomes Europe's interest rate hikes in campaign against inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the International …

UK economy to avoid recession but inflation still a worry, IMF says
1 year, 9 months ago

UK economy to avoid recession but inflation still a worry, IMF says

Associated Press  

LONDON — The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. IMF Managing Director Kristalina Georgieva said at a press briefing in London that the latest assessment reflects “favorably” on the U.K. in comparison to other countries in the Group of Seven leading industrial nations. Despite the more …

UK economy is no longer to fall into a recession in 2023, says IMF
1 year, 9 months ago

UK economy is no longer to fall into a recession in 2023, says IMF

Firstpost  

Britain’s economy is no longer will fall into a recession this year, the International Monetary Fund said on Monday, adding that it upgraded forecasts published last month and warned that the outlook remains subdued. “The improved outlook reflected the unexpected resilience of demand, helped in part by faster than usual pay growth, higher government spending and improved business confidence,” it …

IMF no longer expects UK recession this year
1 year, 9 months ago

IMF no longer expects UK recession this year

CNN  

London CNN — The United Kingdom will not, after all, be the worst-performing rich economy this year, the International Monetary Fund said Tuesday, announcing a major revision to its previous gloomy forecast. The forecast reflected “higher-than-expected” resilience in demand helped by strong wage growth, improved confidence and falling energy prices, the IMF added. While previously the IMF saw UK GDP …

UK to be worst-performing economy in G7 this year, IMF warns
1 year, 11 months ago

UK to be worst-performing economy in G7 this year, IMF warns

The Independent  

Britain is on course for the worst economic performance of any country in the G7, the International Monetary Fund has predicted, as it warned of more turmoil in a “fragile” global financial system. “Notably, emerging market and developing economies are already powering ahead in many cases, with growth rates jumping from 2.8 per cent in 2022 to 4.5 per cent …

IMF slashes Pakistan’s growth rate from 2% to 0.5% for FY23
1 year, 11 months ago

IMF slashes Pakistan’s growth rate from 2% to 0.5% for FY23

The Hindu  

The IMF has lowered its forecast for Pakistan’s economic growth rate from 2% to just 0.5% for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country. This showed an unambiguous deterioration of economic fundamentals over the last six months since October when the IMF forecast the country’s gross domestic product to grow by …

British economy will take a smaller hit in 2023 than previously anticipated, says IMF
1 year, 11 months ago

British economy will take a smaller hit in 2023 than previously anticipated, says IMF

Firstpost  

Britain is no longer the only Group of Seven economy set for a fall in GDP this year as Germany too is now expected to shrink by 0.1%, the IMF global forecasts indicated. After narrowly avoiding recession in 2022, Britain’s economy has shown some signs of resilience in early 2023 London: Britain is expected to take a smaller economic hit …

India set to grow by 5.9% this fiscal: IMF
1 year, 11 months ago

India set to grow by 5.9% this fiscal: IMF

The Hindu  

The International Monetary Fund has projected that India’s economy will grow by 5.9% for the current fiscal year April 2023 - March 2024, a downward revision of 0.2 percentage points since the January forecast. Gradual recovery “The global economy’s gradual recovery from both the pandemic and Russia’s invasion of Ukraine remains on track,” IMF Chief Economist Pierre-Olivier Gourinchas said, adding …

IMF Lowers India's Economic Growth Forecast To 5.9% For FY24
1 year, 11 months ago

IMF Lowers India's Economic Growth Forecast To 5.9% For FY24

ABP News  

The International Monetary Fund on Tuesday lowered its economic growth forecast for India by 20 basis points to 5.9 per cent for the financial year 2023-24. The World Bank forecast said India will grow at 6.3 per cent, while the Asian Development Bank is projecting 6.4 per cent GDP growth for FY24. In its World Economic Outlook report released on …

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