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S&P Global expects South Korea's economy to grow 1.1% in 2023 due to weaker global demand, higher interest rates and waning effects of China's reopening; forecast lags Bank of Korea's 1.6% growth outlook, IMF's 1.5% growth projection

IMF expects China to account for 22.6% of total world GDP by 2028, leading world growth; India and the US to contribute 12.9% and 11.3%, respectively

Stocks edge higher in range-bound trade

JPMorgan expects Russia's economy to grow 1% in 2023, versus median forecast of 1.7% contraction; IMF revises Russia's GDP growth estimate to 0.7% for 2023 despite ongoing sanctions, but expects impact on GDP at 7% by 2027 relative to pre-war trajectory

Equities extend gains

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