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China and India to drive half of 2023's global economic growth: IMF

End of zero-COVID seen supercharging Asia-Pacific region

People walk at a shopping street in Beijing. China's economic growth is being driven by consumer spending, the International Monetary Fund reports.   © Reuters

HONG KONG -- China and India will account for more than half of this year's global growth, the International Monetary Fund predicts, underscoring the Asia-Pacific region's strength amid rising uncertainty over the U.S. economy.

The IMF forecast in April that Asia-Pacific real gross domestic product will increase 4.6% in 2023, an upgrade of 0.3 percentage point from last October's projection. It sees the global economy expanding 2.8%.

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