IMF Forecasts Slowing Global Growth and Rising Developing Economies While Inflation Remains High
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The IMF forecasts global economic growth to slow to 3% in 2023 and 2.9% in 2024, below the 2000-2019 historical average of 3.8%. Inflation is expected to decline but remain elevated.
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China, India, and developing Asia are forecast to see strong GDP growth in 2023-2024, with India growing over 6% annually. Europe's growth is weighed down by the Russia-Ukraine war.
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Leading companies like Reliance, Alibaba, and Walmart play a major role in the world's largest economies like India, China, and the US.
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The top 10 fastest growing economies by 2030 GDP forecast are France, Mexico, Italy, South Korea, Saudi Arabia, Spain, Canada, Egypt, Bangladesh, and Vietnam.
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Pakistan, Poland, Iran, Australia, Thailand, the Philippines, Nigeria, Malaysia, and Argentina round out the list of 30 growing economies according to the IMF forecast.