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imf warns china's fiscal measures inadequate to combat deflation risks

China's recent fiscal measures are deemed inadequate to combat deflation risks, according to a senior IMF official. While these policies could potentially enhance the IMF's growth forecast of 4.8% for China this year, more substantial government spending is necessary to address the property market collapse and alleviate price pressures.
bloomberg.com
United States Dollar International Monetary Fund FUND CHN Krishna Srinivasan
Finance & Economy, Market Report
00:00 25.10.2024

India projected as the world's fastest growing economy by IMF

India continues to be the world's fastest-growing economy, with the IMF projecting a growth rate of 7% for FY24-25, driven by a recovery in rural consumption and favorable harvests. Inflation is expected to decrease to 4.4%, despite some fluctuations in food prices. The country's macroeconomic fundamentals remain strong, with fiscal consolidation on track and a solid reserve position.
Moneycontrol
Indian Rupee International Monetary Fund FUND IND Krishna Srinivasan
Finance & Economy, News Article
07:50 23.10.2024
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