News > IMF trims global growth forecast; expects India’s financial sector to do better

IMF trims global growth forecast; expects India’s financial sector to do better

Global economic growth will dip from 5.9% in 2021 to 4.4% in 2022, half a percentage point less than it estimated just three months ago, and 3.8% in 2023, the International Monetary Fund (IMF) noted in its World Economic Outlook released on Tuesday.

The Fund estimates that India will grow at 9% in 2021-2022 – it estimated India’s growth prospects at 9.5% for the year in its October 2021 assessment.