IMF: Emerging markets growth slowdown bottomed out in 2022, but risks remain

IMF lifts 2023 GDP growth estimate for China by 0.8 percentage point to 5.2%; 2024 view unchanged at 4.5%.

IMF lifts 2023 emerging, developing economies GDP growth estimate to 4.0%, 2024 rate view lowered to 4.2%.

IMF sees annualized inflation in emerging, developing economies slowing to 8.1% in 2023 from 9.9% in 2022; 2024 view at 5.5%.

IMF holds view on 2023, 2024 GDP growth in India at 6.1%, 6.8% respectively.

IMF sees Russia GDP growth rate at 0.3% in 2023, up 2.6 percentage points from its October projection.

IMF raises 2023 GDP growth estimate for Mexico by 0.5 pct pt to 1.7%; 2024 view lowered to 1.6%.

IMF raises 2023 GDP growth estimate for Brazil by 0.2 pct pt to 1.2%; 2024 view lowered to 1.5%.

IMF raises 2023 GDP growth estimate for LatAm and Caribbean by 0.1 pct pt to 1.8%; 2024 view lowered to 2.1%.

IMF lowers 2023 GDP growth estimate for Saudi Arabia by 1.1 pct pts to 2.6%; 2024 view raised to 3.4%.

IMF upgraded its forecast for growth in Japan's GDP this year to 1.8% from its October estimate of 1.6%, but lowered its 2024 growth forecast to 0.9% from October's 1.3%.

IMF expects the UK GDP to contract 0.6% this year and expand 0.9% in 2024.