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According to the fund, China will account for 34.9% and India for 15.4% of the increase in the world economy this year. The primary driver of the growth will reportedly be China's economic recovery, where the country's sharp rise in spending spurs regional economic expansion.
The fund lists the need to maintain a strict monetary policy to control inflation and carefully monitor and regulate any potential impacts of the recent banking crises in Europe and the United States as the primary issues for the APR.
Long-term, slower productivity growth and unfavorable demographics are expected to cause China's economic development to significantly slow down, the IMF notes.
source: imf.org
The fund lists the need to maintain a strict monetary policy to control inflation and carefully monitor and regulate any potential impacts of the recent banking crises in Europe and the United States as the primary issues for the APR.
Long-term, slower productivity growth and unfavorable demographics are expected to cause China's economic development to significantly slow down, the IMF notes.
source: imf.org
