BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/15
The March forecast of the Asian Development Bank (ADB) predicts a growth trend for China in 2016–2017 that essentially matches the IMF’s forecast. The World Bank (WB), in contrast, expects the Chinese economy to grow at a pace of 6.5 % a year through 2018.
Forecasters at the IMF, WB and ADB all expect India to maintain robust economic growth. India, partly due to its very low average income level, is set to enjoy the highest growth among the world’s large economies. Despite slower-than-hoped progress in economic reforms, India benefits e.g. from declines in energy prices.
GDP growth forecasts for China and India, %
* 2015 figures for India are estimates.
Sources: IMF, WB and ADB forecasts.