2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to the estimates by UN FCG DESA, there will be a shrink of what percent in World Economy in 2020?
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1%
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2%
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3%
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1.2%
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Explanation:
Detailed explanation-1: -This declined to Rs 17.1 lakh crore in FY22. In the current financial year, output loss due to the pandemic is seen further declining to Rs 16.4 lakh crore. In total, Rs 52.6 lakh crore of GDP has been lost in three years – or 12 percent of the actual GDP.
Detailed explanation-2: -The International Monetary Fund now projects that global GDP growth will slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023. The Fund characterized this as “the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the Covid-19 pandemic.”
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