In its World Economic Outlook, the IMF forecast global real
GDP growth at 2.8% for 2023 and 3% for 2024, marking a sharp
slowdown from 3.4% growth in 2022 due to tighter monetary
policies.
"With the recent increase in financial market volatility,
the fog around the world economic outlook has thickened," the
IMF said as it and the World Bank launched spring meetings this
week in Washington.
The IMF predicted that the Indian economy would grow 5.9% in
the 2023-24 financial year, down 0.2% from its January estimate,
and much lower than the Indian central bank's prediction for
6.5% growth during this period.
(Reporting by Sakshi Dayal and Tanvi Mehta; Editing by Emelia
Sithole-Matarise)
NEW DELHI, April 11 (Reuters) - The International
Monetary Fund (IMF) said on Tuesday that it expects India's
economy to grow 5.9% in the current fiscal year though it warned
that turmoil in the financial system will hurt global growth.
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