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The IMF's 2025 China growth forecast was unchanged at 4.5%, but the outlook does not include any impact from Beijing's recently announced fiscal stimulus plans, which are still largely undefined.
The IMF said its upgraded forecast also reflects recent moves to boost growth, including fresh help for the property industry such as lower interest rates and smaller down-payment requirements on home loans. But it said risks remained, with growth in 2025 forecast to be 4.5%, also up 0.4% from an earlier forecast.
The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. Overall, the IMF said ...
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 ...
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates. Values are given in International Dollars.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.
But a weak first quarter in the United States led the IMF to downgrade its forecast for U.S. growth this year to 2.6% from the 2.7% it had predicted in April. Likewise, the IMF lowered its outlook for 2024 growth in Japan to 0.7% from the 0.9% it had envisioned in April and from 1.9% in 2023.
With approval from the IMF board, the quota of China was increased from 1.2 billion SDRs to 1.8 billion SDRs. China also obtained a single-country seat on the IMF executive board, which expanded the number of IMF directors to 22 members. As of 2017 the quota of China in the IMF was 30.5 billion SDRs, giving it 6.09% of the total vote. [4]