IMF data shows pandemic will push China GDP growth well beyond US

The IMF estimates China will grow by 8.2% next year, down a full percentage point from the IMF's April estimate but strong enough to account for more than one-quarter of global growth

The Covid-19 pandemic will produce lasting shifts to global growth, pushing China even more to the forefront.

The proportion of worldwide growth coming from China is expected to increase from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg calculations using International Monetary Fund data.

That’s more than 15 and 17 percentage points, respectively, higher than the US share of expected global output. India, Germany and Indonesia round out the top five largest growth engines, next year.

The fund now forecasts world gross domestic product to shrink 4.4% this year, an improvement from the 4.9% drop seen in June,