2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to World bank ‘South Asia Economic Focus’ report COVID-19 will hit South Asia very hard, likely to wipe out gains made in poverty alleviation. When was World Bank formed?
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July 1943
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July 1946
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July 1944
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July 1945
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Explanation:
Detailed explanation-1: -Recently, the World Bank in its report South Asia Economic Focus (Bi- Annual) cut its economic growth forecast for India and the whole South Asian region.
Detailed explanation-2: -Growth is projected to average 5.8 percent in 2022 - a downward revision of 1 percentage point from the forecast made in June. This follows growth of 7.8 percent in 2021, when most countries were rebounding from the pandemic slump.
Detailed explanation-3: -Economy in South Asia The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.
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