IMF Lowers Growth Outlook for Key Asian Economies Amid Trade Concerns
The International Monetary Fund, or IMF, has revised its growth forecasts for major Asian economies in 2025. The IMF now expects growth rates of 4% for China and 6.2% for India, a decline from 4.6% and 6.5% respectively as predicted earlier this year. Furthermore, Japan’s growth forecast also saw a downward adjustment from 1.1% to 0.6%. These revisions reflect worries over stagnant trade conditions and global economic slowdown, underscoring the need for adaptive policies in the region.