CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the Inter-national Monetary Fund (IMF), which of the following place would become World’s richest place by 2020?
A
Hong Kong
B
Luxembourg
C
Qatar
D
Macau
Explanation: 

Detailed explanation-1: -Argentina is the biggest debtor to the IMF, with a total outstanding debt of $42.2bn. The country has had a long and troubled relationship with the IMF, with a history of equally spectacular fall-outs and bail-outs.

Detailed explanation-2: -IMF headquarters has two buildings: HQ1 visitors’ entrance is at 720 19th Street, NW and HQ2 visitors’ entrance is at the corner of 19th St and Pennsylvania Avenue. For more information about the Washington, DC metro, see Washington Metropolitan Area Transit Authority.

Detailed explanation-3: -Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024. The forecast for 2023 is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook (WEO) but below the historical (2000–19) average of 3.8 percent.

Detailed explanation-4: -The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries.

There is 1 question to complete.