14 May, 2023
The IMF predicts China to dominate world economic growth in the next five years. China is expected to be the top contributor to global economic growth over the next five years, with its share expected to be twice that of the US.
The main development has been the reopening of China, where surging consumption is boosting growth across the region despite weaker demand from the rest of the world.
The IMF predicts that the world economy will grow by nearly 3% over the next five years, with 75% of that growth concentrated in 20 countries and over half in the top four: China, India, the US, and Indonesia.