The world’s second-largest economy is bracing for a major flu pandemics and an economy that is struggling with the fallout.
The global economy is expected to grow 2% in 2018, the most in a decade, according to a report released Tuesday by the International Monetary Fund (IMF).
It is also expected to contract 1.5% in 2019 and 1.9% in 2020.
But that contraction will be accompanied by an additional 1.7% contraction in 2021, according the report.
The United States is the largest economy, with $1.8 trillion in gross domestic product.
It is expected in 2019 to contract 3.1%, the second-biggest drop in any country after the United Kingdom.
It will contract 3% in 2022, the biggest drop in 20 years, and 3.6% in 2023, the fourth-bigest decline.
India is the fifth-largest economic power, with about $2.6 trillion in GDP.
The country is also on course to contract 4% in 2021 and 4.2% in 2024.
China, the world’s third-largest, is expected 2.4% to grow 1.8% in the first half of 2021.
The IMF report said the United States and India are the biggest economic failures in the world and will be the biggest challenge for the global recovery.
But it said China, where the government has imposed a three-year ban on foreign investment in a bid to curb a deadly pandemic, is unlikely to face a similar challenge.
It predicted that as a result of the Chinese government’s intervention, the United Nations will likely reduce its forecast for 2020 growth by about 1%.
China’s growth will be lower than expected because of its massive economic slowdown, the IMF said.
The government has also imposed restrictions on imports of most commodities and the government will require banks to lend to domestic banks.
The International Monetary Board said in its forecast Tuesday that the U.S. economy will contract 1% in 2017, the largest contraction in nearly three years.
It also forecast the U of T and U of S will contract 4.4%.
That will be followed by a 3.3% contraction for 2018, 4.6%.
Canada, the second largest economy in the Americas, will contract 2.9%.
The country, which is home to more than one million people, is also the biggest contributor to global trade, according and the world leader in manufacturing.
The report said that if the global economy continues to contract in 2021-2022, the U, S. and Canada will be hit the hardest.
China will be hurt by the impact of the virus, but India will also suffer, it said.
China’s economy is predicted to grow by 0.4%, its weakest showing since 2008.
The world is still struggling with a pandemic that has killed more than 20 million people and caused the worst financial crisis in history.
The U.N. said Tuesday that global trade was up by 2.3%, but that its outlook for 2018 was unchanged.
Its World Economic Outlooks Committee said Tuesday it expected global trade to grow at an annual rate of 1.6%, down from 2.6 per cent in January.
“Global growth has been stagnant for some time, and we still have considerable room to improve,” said Jean-Jacques Rogelj, the group’s chief economist.
“We expect that, in 2018 and 2019, economic growth in emerging markets will slow, with some of the slowdown coming from emerging markets.”
The world economy is also expecting a 6% contraction next year.
But the IMF report pointed out that the world economy has already been on track to contract by 0,9% for the first time in a quarter century, a rate that is nearly twice as large as the previous five years.
The outlook for 2021 and 2022 is a downgrade from the earlier IMF projection of a 3% contraction.
The collapse in the U in 2021 is likely to be even more damaging to the global outlook, said Steven Green, chief economist at Morgan Stanley.
“This is a much bigger correction, but it’s a much slower one than the last downturn,” he said.