IMF: China is the new fastest-growing large economy
|The International Monetary Fund (IMF) published a latest report on 2016 growth rates, noting that China is the new fastest growing large economy across the globe.
Key Details:
India shot itself in the foot when it cancelled 90% of its cash in circulation
India's growth slowed to 6.6% in 2016 from 7.6% in 2015
China's economy grew by 6.7% in 2016
IMF says 2017 growth in India, though, is expected to be 7.2%, which will put it back in front
Then 7.7% projected for 2018
China forecast is 6.5% in 2017 % 6.0% the following year
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