2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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World Bank
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Dena Bank
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State Bank of India
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Canara Bank
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Detailed explanation-1: -World Bank warns global economy could easily tip into recession in 2023 - The Economic Times.
Detailed explanation-2: -Highlight Of Global Economic Prospects Report IMF had previously said that global growth is forecast to slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023.
Detailed explanation-3: -The World Bank on Tuesday warned of a recession in 2023 and said a sharp, long-lasting slowdown is expected to hit developing countries hard. It said global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine.
Detailed explanation-4: -Description: The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024.
Detailed explanation-5: -The World Bank has revised its 2022-23 GDP forecast upward from 6.5 per cent in October to 6.9 per cent.