The IMF projected that emerging Asian economies will expand 5.2% this year, slowing from 2023 but revised up from its forecast three months ago on stronger-than-expected growth in China. China's growth estimate for this year was revised up by 0.4 percentage point to 4.6% on increased government spending. The IMF also warned of the risk that China's growth could underwhelm expectations if authorities resort to 'unintended fiscal tightening'.
