IMF's GDP forecast for 2013 and 2014

IMF's GDP forecast for 2013 and 2014 is a mixed bag. While growth in 2013 for most of the countries is nothing much to write about, the scenario in 2014 is not very compelling either. Countries such as China, Japan and Brazil are expected to record lower GDP growth in 2014 as compared to 2013. Others are expected to do better. India in particular is estimated to grow by 5.1% in 2014 as against 3.8% in 2013. This year has been a challenging one for the country as economic activity has remained sluggish, rupee has weakened and consumption has dwindled. But the monsoons have been good. And while growth of 5% is nowhere to what it was before the global crisis, considering various challenges, it is certainly an improvement. 

IMF's GDP forecast for 2013 and 2014

Source: The Economist