IMF raises Asia’s growth forecast to 4.6%; India, China to be key drivers

The International Monetary Fund (IMF) on Tuesday raised Asia’s economic forecast on the back of the reopening of China. However, it warned of risks from high inflation and global market volatility driven by banking-sector crises in the US and Europe.

Asia’s economy is expected to expand by 4.6 per cent this year after a 3.8 per cent increase in 2022. The forecast for 2023 is an upgrade of 0.3 per cent from its October forecast of 4.3 per…