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- IMF: China to be top world growth source in next five years
IMF: China to be top world growth source in next five years
The International Monetary Fund (IMF) said in its latest report on Tuesday, China will be the top contributor to global growth over the next five years, with its share set to be double that of the US, per Bloomberg.
Key takeaways
According to Bloomberg calculations using data the fund released in its World Economic Outlook released last week, “the nation’s slice of global gross domestic product expansion is expected to represent 22.6% of total world growth through 2028.”
“In total, 75% of global growth is expected to be concentrated in 20 countries and over half in the top four: China, India, the US and Indonesia.”
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