WASHINGTON, D.C. — With global growth stabilizing for the first time in three years, inflation reaching a three-year low and financial conditions brightening, the global economy seems to be on its final approach for a 'soft landing.
WASHINGTON, D.C. — With global growth stabilizing for the first time in three years, inflation reaching a three-year low and financial conditions brightening, the global economy seems to be on its final approach for a 'soft landing.' But this positive news cannot obscure the grim reality: more than four years after the coronavirus pandemic began, the world — especially developing economies — is yet to embark on a promising path toward prosperity.
Among emerging markets, India and Indonesia stand out for their strong performance. Buoyed by vibrant domestic demand, surging investment and a dynamic services sector, India's economy is projected to grow by 6.7 percent per fiscal year, on average, through 2026. For its part, Indonesia is expected to grow by 5.1 percent, on average, over the next two years, thanks largely to a rising middle class and prudent economic policies.
The Global Economy Out Of The Slow Lane
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