IMF's October Economic Report: Growth in India, Decline in Europe

Asia is expected to have the highest economic growth, and the EU will have the lowest, according to the latest report by the International Monetary Fund.
According to the October update of the International Monetary Fund's (IMF) World Economic Outlook, India's economy will grow 6.3 percent in 2023, higher than the earlier forecast of 6.1 percent.

The IMF's projections state that global growth will slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. Advanced economies are also expected to contract from 2.6 percent in 2022 to 1.5 percent in 2023 and 1.4 percent in 2024.

In contrast, the growth rate of emerging and developing economies is projected to decline slightly to 4.1 percent in 2022 and 4.0 percent in both 2023 and 2024.
It should be noted that despite Western sanctions, Russia has managed to achieve economic growth for two consecutive years.
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