IMF: Asia-Pacific To Contribute More Than 70% To Global Economic Growth, With China Being Key Engine

Published: May 15, 2023 10:30

Save

The latest "Asia-Pacific Regional Economic Outlook" report seminar jointly sponsored by the International Monetary Fund (IMF) and the China Finance Forty Forum (CF40) was held in Beijing on May 11.

The latest "Asia-Pacific Regional Economic Outlook" report seminar jointly sponsored by the International Monetary Fund (IMF) and the China Finance Forty Forum (CF40) was held in Beijing on May 11. This report predicts that the economic growth rate of the Asia-Pacific region will rise from 3.8% last year to 4.6% this year, contributing more than 70% to global economic growth. China's economy is expected to grow by 5.2% this year, and continue to be the engine of economic growth in the Asia-Pacific region and the world, up 0.8 percentage point from the forecast made in October last year.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Jul 3, 2026 16:41

Copper Prices Rebound at Week's End, Marginal Improvement in Copper Scrap Supply [SMM Copper Scrap Weekly Review]

[SMM Analysis: Copper Prices Rebound at Week's End, Marginal Improvement in Copper Scrap Supply] In the first week of July (June 30-July 3), the copper scrap market operated under three overlapping factors: the second week after the implementation of the reverse invoicing regulation, the onset of the high-temperature off-season, and copper prices holding the 100,000 yuan mark. The overall supply-demand weakness that began in June persisted. The most-traded SHFE copper contract moved sideways within the 102,020-103,070 yuan/mt range, never breaching the psychological level of 100,000 yuan/mt, while the wait-and-see sentiment among end-users remained unabated...

Jul 3, 2026 16:41

Jul 3, 2026 16:03

Data: SHFE, DCE market movement (Jul 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Jul , 2026

Jul 3, 2026 16:03

Jul 3, 2026 15:41

Rate Hike Expectations Cooling and Destocking Continues, Copper Prices Maintain Fluctuating Trend [SMM Macro Weekly Review]

Jul 3, 2026 15:41