Cocktail of growth, inflation to bring 7.2% GDP high: Moody's
India will likely retain the fastest-growing G20 economy tag, with the bigger G20 emerging economy China seen growing 4.7%. Overall, the G20 economies will expand 2.8% in 2024, slower than 3% in 2023, according to the Global Macro Outlook 2025-26 report released Friday.
The relocation of supply chains, investment from multinational companies and Chinese domestic manufacturers seeking to diversify production are creating opportunities for India, Mexico and many Southeast Asian nations, per the report.
«Most G20 economies will experience steady growth and continue to benefit from policy easing and supportive commodity prices,» said Madhavi Bokil, Senior Vice President at Moody's Ratings and the author of the report.
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