The Organisation for Economic Co-Operation & Development forecast in its interim outlook report that the world economy would grow.....percent in 2019 and.....percent in 2020.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Organisation for Economic Co-Operation & Development forecast in its interim outlook report that the world economy would grow____percent in 2019 and____percent in 2020.

A	3.6% and 3.7%
B	3.9% and 3.7%
C	3.4% and 3.5%
D	3.3% and 3.4%

Explanation:

Detailed explanation-1: -Global growth is forecast at 3.2 percent in 2019, picking up to 3.5 percent in 2020 (0.1 percentage point lower than in the April WEO projections for both years).

Detailed explanation-2: -Quarterly OECD growth rates have remained weak throughout 2022 in a context of high inflation and rising interest rates. In the G7, quarter-on-quarter GDP growth also slowed slightly in Q4 2022, to 0.4% compared with 0.5% in Q3 2022. This result reflects a mixed picture among G7 countries.

Detailed explanation-3: -The World Economic Outlook (WEO) is a survey of the IMF, published biannually and updated three times a year. It has projections of key economic indicators, such as GDP, inflation, current account and fiscal balance of the member countries.

Detailed explanation-4: -A Survey by the IMF staff usually published twice a year. It presents IMF staff economists’ analyses of global economic developments during the near and medium term.

There is 1 question to complete.