2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.8 per cent
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2.8 per cent
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4.3 per cent
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3.1 per cent
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Detailed explanation-1: -IMF World Economic Outlook (WEO), October 2016: Subdued Demand: Symptoms and Remedies. Description: Global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017.
Detailed explanation-2: -In its update to the World Economic Outlook (WEO) released in October, IMF said India is likely to grow 6.6% in 2016-17, against its earlier estimate of 7.6%. IMF said the Chinese economy grew by 6.7% in 2016 as against the previously projected 6.6%.
Detailed explanation-3: -While the IMF predicts that global inflation peaked in late 2022, rates in 2023 are expected to remain higher than usual in many parts of the world. Following the 8.8% global inflation rate in 2022, the IMF forecasts a 6.6% rate for 2023 and 4.3% rate for 2024 based on their most recent January 2023 update.
Detailed explanation-4: -The IMF projects global growth to fall from 3.4% in 2022 to 2.9% in 2023, and then rise to 3.1% in 2024. Inflation is peaking amid low growth.