IMF: China is the new fastest-growing large economy

Dhwani Mehta FXStreet

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

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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