IMF Report: China’s Economy to Drive Growth in Asia-Pacific Region, Contributing 70% to Global Economic Growth

According to CCTV news, at 10:30 on May 2, Beijing time, the International Monetary Fund (IMF) released the “Asia and Pacific Region Economic Outlook Report”. The report pointed out that in the context of the current tightening global financial environment, high inflation, and the US and European banking crises dragging down economic growth, the strong rebound of the Chinese economy has provided a huge impetus for the Asia-Pacific and global economies. China and India will drive economic growth in the Asia-Pacific region to 4.6% in 2023, up from 3.8% in 2022. This forecast is an increase of 0.3% from the “World Economic Outlook Report” released by the IMF in October 2022. This also means that the contribution rate of the Asia-Pacific region to global economic growth this year will be as high as about 70%, and within the Asia-Pacific region, China’s contribution to global economic growth ranks first.

Disclaimer: The Securities Times strives for truthful and accurate information, and the content mentioned in the article is for reference only and does not constitute substantive investment advice, so operate at your own risk

Download the “Securities Times” official APP, or follow the official WeChat public account, you can keep abreast of stock market trends, gain insights into policy information, and seize wealth opportunities.