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global growthCNBC
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86% Informative
India is expected to grow 7% in 2024 , higher than April 's projection of 6.8% growth.
China 's economy is predicted to grow 5% this year , unchanged from IMF 's May prediction.
Growth from both India and China will account for almost half of global growth this year .
Growth in the U.S. expected to inch higher to 2.6% in 2023 , slightly lower than 2.7% projection in April .
" Spain is a bright spot in the euro area in terms of the revisions. We have upgraded the forecast for this year to 2.4% ," Petya Koeva Brooks , deputy director in the research department of the IMF , noted. "A big part of that revision was due to the outturn that we saw in the first quarter of this year , where there was very strong services, exports, as well as a pickup in investment." Clarification: This story has been updated to reflect that IMF 's latest forecast for China 's growth remains unchanged from May ..
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