/ world today news/ In a report of the International Monetary Fund (IMF) dated May 2 with the prospects for the economy of Asia and the Pacific region, it is stated that against the background of the current tightening global financial environment, high inflation and the banking crisis in the USA and Europe, that slow economic growth, China’s strong economic recovery has given a huge boost to the Asia-Pacific and global economies.
China and India will drive Asia-Pacific economic growth to 4.6% in 2023, up from 3.8% in 2022. This forecast is up 0.3% from the IMF’s October 2022 report .This also means that the Asia-Pacific region will contribute about 70% to global economic growth this year, and within the region, China is the top contributor.
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