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Regional Economic Outlook for Asia and Pacific
May 22 , 2024
39 days
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- The International Monetary Fund (IMF) has released its Regional Economic Outlook for Asia and Pacific Report April 2024.
- Asia-Pacific's growth in late 2023 surpassed expectations at 5.0%, with varying inflation rates across economies.
- Projections for 2024 suggest a slight growth slowdown to 4.5%, balancing near-term risks
- India’s growth forecast for the financial year 2024-25 to 6.8% from 6.5% earlier and retained the growth forecast for 2025-26 at 6.5%.
- India was the source of repeated positive growth surprises, supported by resilient domestic demand.
- Also, Public Investment is a significant factor in driving India’s economy.
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