The European Commission, in its Winter Forecast on February 15, revised downwards its forecast for Romania’s economic growth to 2.9% for 2024 and 3.2% for 2025, lower by 0.2 percentage points (pp) for each of the two years compared to the predictions in its November 15 Autumn Forecast.
The International Monetary Fund (IMF) has revised down its economic growth forecast for China in 2023 to 5.0% from 5.2%. The IMF attributed the lower projection to the ongoing property crisis in the country, which has stifled economic activity and weighed on household confidence. The IMF also reduced its estimate for China s economic growth in 2024 to 4.2% from 4.5%.
India will remain one of the fastest growing major economies even as its growth is expected to moderate to 6.3% in 2023-24 from 7.2% in 2022-23, the report said | Latest News India