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IMF, Bloomberg: Asia's Growth Champion is India

IMF, Bloomberg: Asia's Growth Champion is India

According to the International Monetary Fund, the global economy, in spite of having reached a plateau, will continue to  grow at 3.7 percent in 2019. The outlook for 2019 is better than one might expect given the negative daily news around the globe.

2019 Growth Outlook Projected by Business Week

Strong economic growth in the U.S. will keep global growth on track say the economists. Brexit’s impact on the U.K. economy will have a lot to do with decisions made before March 29, 2019, on economic integration between the U.K. and the EU. Bloomberg Economics projects GDP growth of 6.4 percent for China.

Asia’s growth champion is now India. Prime Minister Narendra Modi needs to keep the expansion rolling as he seeks a second term in 2019. He’s pressing the central bank to worry more about growth and less about inflation—echoing Trump.

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