According to the IMF, China’s economic growth is projected to remain resilient at 5% this year, driven by its strong first-quarter data. The move underscored growing global confidence for a continued rebound in the world’s second-largest economy.

Meanwhile, the UN reports global economic prospects have improved since January, but the poorest countries are still struggling.

Joining the discussion: 

• John Gong is a professor at the University of International Business and Economics. 
• Ryan Patel is a global business executive and Senior Fellow at Claremont Graduate University. 
• Gilson Schwartz is an economics professor at the University of Sao Paulo.  
• Yan Liang is a Chair Professor in Economics at Willamette University. 

From China to Brazil, G20 emerging markets have become global economic powerhouses, driving growth and integrating into world trade like never before. Find out the implications for global markets in our analysis. https://t.co/tPL4fgygu4 pic.twitter.com/FLvw1co09D

— IMF (@IMFNews) May 26, 2024

See how each region of the world contributed to global GDP in 2021 as measured by the NEW purchasing power parities released by the International Comparison Program.

🌍 Dive into the #ICPPPP #data ➡️ https://t.co/JgtMPKzwd8 pic.twitter.com/5sB2xa2yCu

— World Bank Data (@worldbankdata) May 30, 2024