Global growth remains weak, but it may be at a turning point. The US is expected to grow 1.4%, 0.4 percentage point more than in the prior projection, amid resilient domestic demand. China and India will account for about half of world growth in 2023, Gourinchas said. The World Bank is also more pessimistic than the IMF on growth in advanced economies and European economies, he said. Read also:For Asean countries, IMF sees slower global growth outweighing China reopeningGlobal inflation fight far from over, IMF chief economist says

Source: The Edge Markets January 31, 2023 20:59 UTC