IMF raises its Asia growth forecast for 2024, highlights India’s growth and China stimulus as key drivers

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%. “The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region’s economy will slow less than we previously projected as inflation pressures continue to dissipate,” Krishna Srinivasan, director of Asia and Pacific at the IMF wrote. The upward revision reflects upgrades for China,