Momentum from an economic recovery in China early this year has faded further, with activity in the services industry and construction sector dropping to its weakest level since December, according to official data released Friday.
For Immediate Release BEA Expects Continuous Growth of the Chinese Mainland Economy, Catalysing a New Cycle of Economic Expansion in Hong. | June 20, 2023
India s economic growth is expected to moderate to 6% in the current financial year due to weak global demand and high interest rates, says the OECD. However, it also expects easing monetary policy and moderating inflation to help discretionary household spending regain momentum, leading to 7% growth in FY25. The OECD s forecast is lower than the RBI s forecast of 6.5% expansion, while the IMF had predicted 5.9% growth and the World Bank expects 6.3% for the year ending March 2024.