PressBee - Russia Today :
India is expected to become a much bigger driver of global growth than the world’s current largest economy, the US, in just five years, according to Bloomberg calculations based on International Monetary Fund (IMF) data.
The global economic watchdog warned about the risks of the slowdown that the world is currently facing as it downgraded growth to three percent, the weakest since the global financial crisis. This is the result of multiple factors, including the US-China trade war, geopolitical tensions, as well as Brexit-related risks, according to the IMF’s World Economic Outlook released earlier this week.
However, some countries ar
India set to eclipse US with global economic growth share by 2024