IMF ON GLOBAL ECONOMY
Introduction World Economic Outlook 2024 In its World Economic Outlook Report released on October 22,2024 the International Monetary Fund (IMF) reported that United States of America (USA) will continue to be the growth engine for world economy for the upcoming year 2025. Further, the report predicted the growth expectations for China at below 4.5% for 2024 and 2025. {IMF'S view on China is without considering Beijing's recently announced fiscal stimulus plan for the country, therefore The Finance plea for a review on forecast regarding China by considering China's fiscal stimulus plan}. India and Brazil The report granted a good rating to emerging economies of India and Brazil.The Report projected growth rate of India at 7.0% in 2024 and 6.5% in 2025. According to the Report, India’s economy in terms of Gross Domestic Product (GDP) is expected to grow at a slower pace of 7% in 2024 against the 8.2% growth marked in 2023.The Report further says GDP growth will ...