Thursday, August 11th, 2022 22:47:20

Despite Coronavirus pandemic, India, China will register positive growth rate: IMF

Updated: April 15, 2020 11:24 am

International Monetary Fund (IMF) has said India and China are the only two major countries, which will register a positive growth rate despite Coronavirus pandemic. In its latest edition of World Economy report, IMF has projected India’s GDP growth to be 1.9 per cent in 2020 from 5.8 per cent in January. For China, it has projected a growth rate of 1.2 per cent.

IMF said, despite global economy hitting the worst recession since the Great Depression of 1930s, India and China are likely to bounce back strongly in 2021 with India expected to grow at 7.4 per cent and China at 9.2 per cent.

IMF report said most countries, in the advanced economy group, are forecast to contract this year, including the US, Japan, the United Kingdom, Germany, France, Italy and Spain.

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