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Global economic growth to slump to 4.4% in 2022: IMF
Hindustan Times
|January 26, 2022
Global economic growth will dip from 5.9% in 2021 to 4.4% in 2022, half a percentage point less than it estimated just three months ago, and 3.8% in 2023, the International Monetary Fund (IMF) noted in its World Economic Outlook released on Tuesday.
WASHINGTON: The Fund estimates that India will grow at 9% in 20212022- it had estimated India's growth prospects at 9.5% for the year in its October 2021 assessment; projects 9% growth for the Indian economy in 2022-23 - in its October assessment, this was pegged at 8.5%; and 7.1% in 2023-24. “India's prospects for 2023 are marked up on expected improvements to credit growth - and subsequently investment and consumption - building on the better-than-anticipated performance of the financial sector," the report noted.
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