IMF raises its Asia growth forecast for 2024

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Laborers work at a coastal road project construction site in Mumbai on January 12, 2022.

Punit Paranjpe | Afp | Getty Images

The International Monetary Fund raised its Asia growth forecast for 2024 on Tuesday, as it remained optimistic about India’s growth and focused on the need for more stimulus from China.

The IMF now expects Asia’s economy to grow 4.5% this year, up 0.3 percentage points from six months earlier. Its forecast for 2025 remained unchanged at 4.3%.

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